the Puerto Rican colony

[jah_yout]

so the president is on the island for an 'official' visit...
says his admin will support whatever decision the PR people decide on for their future...as far as remaining as it is, going for statehood, or independence...

could this be a test case for other caribbean/ small island nations...especially ones still held by a 'mother' country

[lonewolf]

Re: the Puerto Rican colony

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: jah_yout</div><div class="ubbcode-body">so the president is on the island for an 'official' visit...
says his admin will support whatever decision the PR people decide on for their future...as far as remaining as it is, going for statehood, or independence...

could this be a test case for other caribbean/ small island nations...especially ones still held by a 'mother' country </div></div>

Me thinks the US will be getting the independence. Residents of Puerto Rico don’t pay federal income tax and...... <div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The United States provided Puerto Rico with $21.4 billion in aid and benefits in 2009, according to the Consolidated Federal Funds Report compiled by the U.S. Census Bureau. The total for 2010 likely will reach $25 billion, not counting about $4.4 billion in stimulus funding and $430 million in rum rebates that Puerto Rico annually receives from the U.S. Treasury. The amount that the U.S. spends on Puerto Rico will increase significantly over the next 20 years, probably hitting $35-40 billion.</div></div>

So, who will gaining independence? The American Tax payer, not Puerto Rico.
I say, good ridance.

[Blackstar*]

Re: the Puerto Rican colony

Section 936
Established in 1976, Section 936 provided U.S. firms operating in Puerto Rico with tax-free income. Section 936 succeeded previous tax breaks for U.S. firms in Puerto Rico dating back to 1921. Section 936 helped to stimulate industrialization and infrastructure development on the island.

<span style="font-weight: bold">On August 20, 1996 the U.S. Congress repealed Section 936</span> of the U.S. Internal Revenue Code, with a clause that retains its benefit for ten years of existing corporations. Section 30A was created to substitute Section 936. It essentially retains the wage credit component of Section 936.

Link

[Schuttzie]

Re: the Puerto Rican colony

I was thinking that the US was benefiting somehow, politricks through big business.

[lonewolf]

Re: the Puerto Rican colony

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: B_Schutt</div><div class="ubbcode-body">I was thinking that the US was benefiting somehow, politricks through big business. </div></div>

No, the US is not benefiting. A select group of the ruling elite are benefiting.
The same group that contribute to Obama's campaign fund.
Obama, commander and thief. Nothing that any of these politicians do is for the benefit of the US.
It's to benefit their cronies. <span style="font-weight: bold">Nothing but arrogance.</span>

The same <span style="font-weight: bold">type of arrogance that France's</span> soon to be president tried to inflict on a woman in NY.
These ruling elite think they can do anything they want.

Puerto Rico is a welfare state paid for by the American taxpayer.

[kia027]

Re: the Puerto Rican colony

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">
Puerto Rico is a welfare state paid for by the American taxpayer.</div></div>

just like the other 50 states