[Congressional Record Volume 170, Number 43 (Monday, March 11, 2024)]
[House]
[Page H1082]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               IN SOLIDARITY WITH THE PUERTO RICAN PEOPLE

  (Ms. BUSH asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. BUSH. Madam Speaker, St. Louis and I rise today in solidarity 
with the Puerto Rican people.
  Puerto Rico has long been harmed by its status as a U.S. territory. 
One example of this is what is known as Act 22. This policy allows 
people who move to Puerto Rico to not pay local taxes on their 
dividends, capital gains, and certain investments. Unsurprisingly, the 
wealthy have benefited from this policy while the Puerto Rican people 
are left to deal with the harms.
  Because of Act 22, Puerto Rico stands to lose an estimated $4.5 
billion in tax revenues between 2020 and 2026, and we are already 
seeing skyrocketing rents and increased displacement. This must end.
  Congress must close the Act 22 tax loophole, end the injustice of 
colonialism, and enact self-determination legislation for the Puerto 
Rican people.
  I stand with the Puerto Rican community in St. Louis, in Puerto Rico, 
and around the country.

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