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solo por hoy

Contributor March 25, 2020
Solo Por Hoy is a community-based organization founded in January 2009 to offer support services to Puerto Rico families through comprehensive programs that result in housing stability for them.

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QUOTE OF THE WEEK:

“In an economic context where Puerto Rico is experiencing a clear slowdown and where key sectors like construction are struggling to find workers, cutting the [Earned Income Tax Credit (EITC)] will discourage participation in the formal economy and hinder our economic growth.

 

In an environment where federal funds are decreasing, adding local austerity through EITC cuts could not only cause our labor force participation rate to drop again, but also force local businesses to absorb much of the reduction if they want to maintain the current incentives for formal employment and prevent part of their workforce from returning to the informal sector.”

 

— Daniel Santamaría-Ots, co-executive director, Espacios Abiertos

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