The Puerto Rico financial mess was predicted in 1993
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Published: Friday, October 20, 2017 11:06
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by John Campbell
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Puerto Rico is in a financial mess as predicted in 1993, when the Clinton Administration removed the “936” IRS tax breaks for American companies operating on the island. This break, which included operating income-tax free, was approved in 1966 and had lured about 300 companies to build or buy manufacturing facilities. Many of these companies were pharmaceutical and light electronics because the expense of shipping heavier goods was costly.
Health Care
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Published: Friday, October 20, 2017 11:03
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by John Campbell
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After reading the letters to the editor about health care, I’m convinced that many want to help pay for my health care. This may be facetious, but most of us do need help with the health care bills the cost of which has risen from the ten-dollar office call and twenty-dollar hospital room to hundreds for the office call and thousands for the hospital. With all of the action and reaction in Congress to this matter, there seems to be no effort to lower costs but to just try to find the best plan to subsidize our cost.
