WASHINGTON — When it comes to Puerto Rico’s fiscal crisis, Washington is just as much to blame as San Juan.
The loss of Section 936 tax breaks, combined with overly indulgent local labor laws and a federal policy that encourages people to stay on the dole rather than work, have all contributed to Puerto Rico’s current fiscal nightmare.
In the United States, electricity costs 10¢ to 12¢ per kilowatt-hour (kwh), while in Costa Rica, it’s 15¢ per kwh and higher in Honduras and Nicaragua, Central America’s poorest countries.