$200 million at stake for Puerto Rico in 'lame duck' Congress

November 2012
Caribbean Business;11/22/2012, Vol. 40 Issue 46, p6
The article reports that $200 million will be lost in the government of Puerto Rico if the two pieces of tax-extender will not be approved by the U.S. Congress. It states that one of the proposal aims to lower domestic manufacturing rebates, while the other aims to increase excise taxes. It adds that the controversial does not lie on the legislation but on the approval of the U.S. House of Representatives since Republican dominate the house.


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