The Island That Can Save America – Puerto Rico

From TheHill: The island that can save America

As we focus on rebuilding our formerly vibrant pharmaceutical manufacturing base, policymakers should remember the place where so much of it was once located: Puerto Rico. That began to change in 1996, when federal tax policy spurred manufacturers to move out of Puerto Rico to foreign countries with cheap labor and low taxes, like China and India.

Puerto Rico can still offer immediate solutions to the current crisis, however, if the administration and Congress use the next relief package to create economic incentives to address two urgent needs at once: re-domesticating pharmaceutical manufacturing and stimulating the Puerto Rican economy.

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