Basing the future of Puerto Rico’s economy on an uncontrollable factor, such as an amendment of the U.S. tax code, is not the safest route to take to achieve growth and is not the “silver bullet” the island needs to secure long-term stability, Sergio Marxuach, public policy director of the Center for the New Economy, said Thursday.
The approved plan to increase the United State’s debt ceiling will not solve the country’s fiscal problem, and could actually worsen it by reducing economic activity on the short- and mid-term, Sergio Marxuach, policy director for the Center for the New Economy said Tuesday.