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Tax Bill Could Undermine Puerto Rico's Recovery

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SAN JUAN, Puerto Rico (Reuters) - Puerto Rico Governor Ricardo Rossello on Tuesday urged the U.S. Congress to address issues in the Republican tax bill that he said would harm the island’s economy, which is already reeling from the devastation of Hurricane Maria and years of financial hardships. Even before Maria laid waste to the island three months ago, Puerto Rico was contending with $72 billion in debt. Rossello has asked the U.S. government for a total of $94.4 billion in aid, including $31.1 billion for housing and $17.8 billion to rebuild the ruined power grid.

Added on the 19/12/2017 20:12:12 - Copyright : Wochit

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