Is Puerto Rico Crisis Almost Over?

Fri05May2006

Is Puerto Rico Crisis Almost Over?

Yesterday the Puerto Rican Senate was presented with a new proposal to end the five day old crisis, a 5.9 percent sales tax and a new tax on large corporations (which are mostly not Puerto Rican) with earnings in excess of $10 million. This comes as the patience of Puerto Ricans wears thinner as demonstrated by growing marches through the streets of the Puerto Rican capital of San Juan. Eddie Olivera of United Public Servants was quoted by NY1 saying:

We warned the governor or his representative that should this not by solved by Monday, then we are going to step up the activism and continue to go out and denounce the situation wherever we can.

Via / NY1
Image Via / Puerto Rico IndyMedia

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Maegan la Mala

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1. liza ~ Friday, May 05 2006 | 12:48H:

Maegan,

NY-1 misunderstood the wires. Nothing has been approved yet. The governor submitted that as a proposal to the Camara and Senado. They're awaiting now for either a counter-offer or approval.

Part of the problem was the sales-tax figure and the inclusion of a tax on businesses; which is a notorious sticking poing of the last 30 years of the island's economy and politics.

I talk about it at culturekitchen : A billion intentionally broken Puerto Rican pieces

2. Maegan la Mala ~ Friday, May 05 2006 | 15:08H:

Thanks for the update Liza...I will make corrections.

VivirLatino