Portman: We Need to Look at Fixing Puerto Rico Tax Provision

RUSH EXCERPT:
PORTMAN: “You know, I think it does need to be looked at. And I think the concern that Puerto Rico has more broadly is about losing a particular tax incentive for companies to invest in Puerto Rico. And that’s something we have to look at as well. And frankly, some of us were promoting a proposal in the tax bill that would create sort of an enterprise zone in Puerto Rico. That was not ultimately successful because the person here in the Senate said that it didn’t meet the budget requirements we’ve taken out, but there’s an interest in helping Puerto Rico more in terms of encouraging investment, encouraging jobs because that’s part of the way of getting Puerto Rico back on its feet.”