CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
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.
Last night the House unveiled a continuing resolution (CR) that would fund the government through December 20. What does this mean for Puerto Rico?
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.
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).
For decades, Puerto Rico has received limited funding to run a bare-bones Medicaid program that fails to provide adequate care for 1.5 million people who depend on the program. It is time for Congress to stop nickel-and-diming Puerto Rico’s Medicaid program, and enact a permanent, comprehensive fix.
The summer of 2019 witnessed a masterful demonstration of civic engagement by the people of Puerto Rico. When accusations of corruption, misconduct, and deceit threatened to tarnish the island’s reputation, the people of Puerto Rico —both home and abroad— took to the streets peacefully to clean house and show the world that civility and honesty can prevail in the face of daunting political challenges.
Recently, there has been a heated debate about whether Puerto Rico has been treated fairly by the federal government in the allocation of funds for disaster assistance in the wake of Hurricanes Irma and Maria. The answer to this question is complicated because it depends in large measure in understanding (1) how the federal appropriations process works and (2) how the different kinds of assistance programs function.
The House Energy and Commerce Committee is expected to markup 26 bills tomorrow at 9:30AM, including H.R. 2328, the “Reauthorizing and Extending America’s Community Health Act”. An Amendment in the Nature of a Substitute (ANS) – essentially a full replacement of bill text – will be offered to incorporate language of H.R. 3631, the “Territories Health Care Improvement Act” which includes a temporary fix to Puerto Rico’s Medicaid cliff.Â
