TAX REFORM FAILS IN HOUSE
From Caribbean Business:
After a session that ran past 3 a.m. Thursday, the Puerto Rico
House of Representatives voted down the tax reform bill after
failing to secure enough votes from the Popular Democratic Party
(PDP) majority.Along with the New Progressive Party minority
delegation, PDP Reps. Luisa Gándara, Manuel Natal, Carlos Var-
gas, Ángel Matos, Luis Raúl Torres and Luis Vega Ramos all
voted against the measure. The final vote count was 22 in favor
and 28 against.
JUDGE STOPS GAY MARRIAGE RULING
From The San Juan Daily Star:
San Juan Superior Court Judge Ángel Pagán Ocasio paralyzed a ru-
ling on a lawsuit filed by several New Progressive Party (NPP)
lawmakers who are demanding that the governor defend current law
that declares gay marriage illegal. Pagán Ocasio said he wants to
wait for the U.S. Circuit of Appeals in Boston, which paralyzed
another lawsuit seeking to legalize gay marriage in Puerto Rico
pending a U.S. Supreme Court ruling on the matter. The government
decided that it was not going to defend the island’s anti-gay ma-
rriage laws as part of a lawsuit fi led by civil rights activist Ada
Conde and her wife, who were married in the mainland U.S. As
a result, several NPP lawmakers went to court to demand that the
government defend current law.
$1.9M IN COCAINE SEIZED NEAR PR
From Yahoo! News:
Authorities in Puerto Rico have seized nearly 150 pounds (68 kilo-
grams) of cocaine near an uninhabited island just west of the U.S.
territory. U.S. Customs and Border Protection said in a statement
Wednesday that the drugs are worth an estimated $1.9 million.
INVESTORS OFFER PREPA 30-DAY EXTENSION
From Bloomberg:
Investors in the debt of Puerto Rico’s power utility have offered
a 30-day extension of a creditor agreement that expires Thursday,
according to a person with knowledge of the situation. Prepa, as
the Puerto Rico Electric Power Authority is known, has $8.6 billion
of securities. Under the bondholder offer, the electricity provider
would give creditors a restructuring plan by June 1, said the person,
who requested anonymity because an agreement hasn’t been reached.
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