CNE – Centro Para Una Nueva Economía – Center for a New Economy
Non-profit, economic research and policy development organization
The FOMB for Puerto Rico certified a new fiscal plan for the central government on Friday, April 23. The new Fiscal Plan, just like the others, is based on four core elements: (1) budget consolidation (spending cuts and revenue increases); (2) structural reforms; (3) debt relief; and (4) federal funding for disaster relief and COVID-19 assistance.
In Washington D.C., the symbolic deadline for a new President to make a lasting imprint on the nation is exactly 100 days. After all, first impressions matter. As the Administration and the new Congress near their 100-day mark respectively Puerto Rico has, for better or worse, not been lost in the mix of national priorities.
In seven months, Puerto Rico faces an imminent threat to its healthcare system: lack of sufficient funds to operate. This is not unusual for Puerto Rico nor any of the other U.S. territories.
What exactly is the EITC? How does it help families in overcoming poverty and how does it promote labor force participation? Keep reading to find out.
After an almost 27-hour session of amendments, debate, and last-minute negotiations within the Democratic camp, the Senate approved President Biden’s $1.9 trillion American Rescue Plan on March 6, by a 50 to 49 vote.
There have been two recent developments in the ongoing litigation regarding the application of the Supplemental Security Income program to residents of Puerto Rico.
Management of territorial affairs has historically fallen under the purview of the Department of Interior’s Office of Insular Affairs. However, President Kennedy changed that situation in the case of Puerto Rico by issuing a memorandum ordering that all matters regarding the U.S.-Puerto Rico relationship be referred to the Office of the President.
The Earned Income Tax Credit (“EITC”), enacted by Congress in 1975, is a tax credit available to working families in the United States whose incomes range from well below the federal poverty threshold to roughly double the poverty line.
