The draft bill of the U.S. tax reform being considered in Congress has the potential to “catastrophically impact” the island’s economy, jeopardizing more than 70,000 well- paid jobs and more than 35 percent of the Commonwealth’s budget, Puerto Rico Manufacturers Association President Rodrigo Masses warned Monday.
The Frente por Puerto Rico’s subcommittee on tax reform on Tuesday visited 11 U.S. House and Senate offices asking for Puerto Rico’s inclusion in the federal tax reform.
Gov. Ricardo Rosselló presented Wednesday a budget of $9.5 billion to Puerto Rico’s Legislative Assembly, which guarantees essential services and pension payments, and which also makes contributory justice for the citizens of the island, he said.