TITLE

P.R. bill on hold to restrict rum incentives

AUTHOR(S)
VÉLEZ, EVA LLORÉNS
PUB. DATE
September 2011
SOURCE
Caribbean Business;9/22/2011, Vol. 39 Issue 37, p36
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the need of the rum-excise tax cover-over program to be reformed to stop Puerto Rico's bipartisan congressional committee from hindering or cutting it altogether. Resident commissioner Pedro Pierluisi states that the committee is serious about avoiding a 1.2 trillion dollars across-the-board discretionary spending. Moreover, Pierlusi and Senator Bob Menédez have filed a legislation to save the local rum industry by limiting 15% of rum subsidies.
ACCESSION #
66652785

 

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