The issue of statehood for Puerto Rico is in the news again with a House Natural Resources Committee hearing on the Commonwealth’s political status taking place on April 14, 2021, and the introduction of the bipartisan Puerto Rico Statehood Admission Act , H.R. 1522, by Rep. Darren Soto (D-FL). The bill has a number of high-profile Republicans as cosponsors, including Reps. Elise Stefanik (R-NY), Pete Sessions (R-TX), Don Young (R-AK), Don Bacon (R-NE), Mario Díaz-Balart (R-Florida), Bill Posey (R-Florida) and the Republican from Puerto Rico Jenniffer Gonzalez Colon. One aspect of this debate that gets little discussion is the economic benefits of Puerto Rican statehood. The economy of the United States would benefit greatly by granting statehood to Puerto Rico. The island’s development has been hampered by its de facto second-class status, but Congress can unleash prosperity by making Puerto Rico the 51 st state. Such a change in status would benefit both the existing … [Read more...] about CONDA: The Economics Of Puerto Rico Statehood
