Third Economic Stimulus Package in Response to COVID-19 Coronavirus Aid, Relief, and Economic Security (CARES) Act
What provisions will impact Puerto Rico? What’s missing? CNE’s DC Office Director Rosanna Torres breaks it down.
Author: Rosanna Torres
Congressional Response to Puerto Rico’s COVID-19 Outbreak
Puerto Rico, which has seen its share of significant back-to-back crises, is once again caught unprepared to tackle the economic costs and public health challenges that will arise from this epidemiological shock. It is just not equipped to face a large-scale health care crisis. That is unless we can secure federal support and empower local institutions.
No todo lo que es oro, brilla
Rosanna Torres, directora de la oficina de CNE en Washington, explica las restricciones punitivas incluidas en el nuevo acuerdo de fondos federales para la reconstrucciĂłn.
Tragic Start to the New Year and Actions from the Federal Government
Puerto Rico received the new year with a series of earthquakes, aggravating its ability to recover from the 2017 hurricanes. In response to the significant damages suffered once again by the residents of Puerto Rico, and increasing public pressure, on January 16, 2020, the Federal Government took several actions related to Puerto Rico’s Disaster Recovery Process. Read on for a brief summary of these actions.
Puerto Rico Small Business Contracting Provision in NDAA
On December 11, 2019, the U.S. House of Representatives passed in a 377-48 vote the Conference Report to accompany the fiscal 2020 National Defense Authorization Act (NDAA), or S. 1790 which authorizes funding for fiscal year 2020 for military and defense activities of the U.S. Government. Embedded in the massive legislation is Rep. Nydia Velázquez’s H.R. 3372, the Small Business Contracting Credit Act of 2019.
Averting a government shutdown and Puerto Rico’s Medicaid cliff
Last night the House unveiled a continuing resolution (CR) that would fund the government through December 20. What does this mean for Puerto Rico?
Puerto Rico and the EITC
Upward mobility has always been a cornerstone of the “American dream”; the opportunities are boundless as long as you put in the work. Ringing true to that promise, the federal government created the Earned Income Tax Credit (EITC) in 1975 to reduce the tax burden for low- and moderate-income working families.
Why the Federal Government Should Support Puerto Rico’s New EITC
Puerto Rico faces a host of daunting challenges, including chronically high poverty (especially among children), low labor force participation, over a decade of economic decline, an unsustainably high debt burden, and the lingering effects of the devastating hurricanes of 2017 that make its long-term prosperity harder to attain. To address these challenges, the Commonwealth needs a comprehensive economic package that centers around powerful tools such as the Earned Income Tax Credit (EITC).