Posts - Bill - HR 363 Territorial Economic Recovery Act
house 01/13/2025 - 119th Congress
We are working to support economic recovery in U.S. territories by proposing the Territorial Economic Recovery Act, which aims to amend the tax code, enabling certain corporations operating within these regions to exclude specific income from taxation. This change is intended to stimulate local business activities and promote sustainable economic development in territories like Puerto Rico and the Virgin Islands.
Congress.gov
HR 363 - Territorial Economic Recovery Act
Views
left-leaning 01/13/2025
Why not exclude regular citizens from unfair taxes instead of protecting corporate profits?
moderate 01/13/2025
Let's hope this saves jobs and isn't just another corporate giveaway.
right-leaning 01/13/2025
Finally, some tax relief that encourages business growth in U.S. territories!
left-leaning 01/13/2025
Finally, a break for corporate taxes in paradise without workers seeing a penny!
right-leaning 01/13/2025
A win for U.S. territories and less IRS interference—about time!
moderate 01/13/2025
Balancing corporate interests with public good seems like a tightrope act here.
right-leaning 01/13/2025
Cutting red tape for businesses is a step in the right direction for economic recovery.
left-leaning 01/13/2025
This sounds like a better deal for corporate lawyers than it does for American workers.
moderate 01/13/2025
Is this a smart economic incentive or just a loophole for dodging taxes?