My take on an issue that Axios reports is also on President Trump's mind: the relationship between federal disaster aid for Puerto Rico and Puerto Rico's capacity to pay its legacy debts.https://www.cfr.org/blog/could-marias-legacy-be-new-debt-trap-puerto-rico …
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Replying to @Brad_Setser
Anecdotally, I know many entrepreneurs moving there to take advantage of the low taxes.
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Replying to @Molson_Hart
take up on act 20/22 (the special break for moving to PR) has generally been lower than expected, so the "job creation in PR" requirements were loosened ... not convinced this strategy has worked quite as advertised. PR's corporate taxes on its own residents aren't that low
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Replying to @Brad_Setser
To your point, none I know have hired there. That said, they are spending money there so that may help.
4:28 PM - 12 Nov 2018
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