On the recordApril 2, 2014
This week, the GAO published a report about the fiscal impact of Puerto Rico statehood on the Federal Government. In a 2012 referendum, a majority of voters in Puerto Rico said they didn't want Puerto Rico to remain a territory, and more voters favored statehood than any other option. In January, at my initiative, a law was enacted to provide funding for the first federally-sponsored vote in Puerto Rico's history. Meanwhile, in the past year, Puerto Rico's longstanding economic problems have devolved into a crisis. Every week, 1,000 of my constituents move to the States in search of opportunity and equality. Thus, the GAO has released its report at a time when island residents are voting for statehood--at the ballot box and with their feet--in unprecedented numbers. The momentum in favor of statehood continues to build with this report, which supports the conclusion that statehood will be beneficial to Puerto Rico and to the U.S. as a whole. The report confirms that statehood will enhance the quality of life in Puerto Rico. As a territory, Puerto Rico is treated unequally under key Federal spending and tax credit programs. As a State, it will receive equal treatment. Based on the GAO's analysis and taking into account programs the GAO did not examine, it can be calculated that statehood will inject an additional $10 billion into Puerto Rico's economy each year. This underscores the scope and severity of the discrimination Puerto Rico faces as a territory.…





