PUERTO RICO: INSIGHTS INTO ECONOMIC DEVELOPMENT POLICY, Volume IV: Action from Washington
Hon. Carlos A. Romero Barceló, a former mayor, governor and senator of Puerto Rico believes that to fix the Puerto Rican economy, the island’s undemocratic territorial status must be put to rest and that those who would put off the status issue until the economy is repaired are delaying and making the recovery more difficult. Furthermore, Arthur MacEwan and J. Tomas Hexner in three articles namely; “Including Puerto Rico in the Earned Income Tax Credit and Full Child Tax Credit”, “Fighting Poverty and Promoting Economic Growth by Creating Investment Zones: A Strong Incentive for Private Business to Invest where Investment is Most Needed” and “Puerto Rico: Quantifying Federal Expenditures”, emphasized the need for Puerto Rican island residents to receive the Earned Income Tax Credit (EITC) and full participation in the Child Tax Credit (CTC). Extending these programs fully to Puerto Ricans would provide an important stimulus to the expansion of the island’s economy, both by a direct injection of funds and by their positive impact on labor force participation. Actions should be taken to fight poverty. The Congress should create “Investment Zones” throughout the states and territories of the United States. Investment Zone legislation would be an especially powerful mechanism for attaining one of the principal goals of PROMESA—economic growth in Puerto Rico.
|Date of creation:||2016|
|Contact details of provider:|| Postal: Kingston, Ontario, K7L 3N6|
Phone: (613) 533-2250
Fax: (613) 533-6668
Web page: http://www.econ.queensu.ca/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:qed:dpaper:296. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bahman Kashi)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.