Help for Puerto Rico | National Catholic Reporter

Help for Puerto Rico | National Catholic Reporter by MSW. MGB: This matter is under discussion on TaxVox, the blog of the Brookings-Urban Tax Policy Center.  A few things are possible, aside from bankruptcy.  We could include PR government workers, indeed all citizens, in Social Security - getting rid of most of the public pension liability.  U.S. Citizens are exempt from state and local taxes (at least that is what TaxVox said).  If that is true, we can change it - after all, PR citizens have to pay state taxes if they move to the mainland.  It hardly seems fair.  PR should start up its own bankruptcy system - or make moves too.  A lot of creditors will be up in arms enough to allow the US system to be established there instead. It is time to play hard ball.