Democratic Presidential Candidate Michael Bloomberg has released an economic plan for Puerto Rico that includes resolving the island’s debt and budget problems, moving disaster response and rebuilding funds quickly, and planning reconstruction and other infrastructure investments to position Puerto Rico for long-term, sustainable economic success, according to the Bloomberg 2020 campaign. Bloomberg’s plan supports Puerto Rican efforts to overhaul the current electrical grid, to help Puerto Rico fulfill its vision for a 100 percent clean and renewable energy system that is decentralized and more resilient to future disasters. He also proposes changes to how the federal government supports disaster response and relief, with an emphasis on building the island’s resilience to storms, flooding, and other effects of climate change. Bloomberg also endorsed statehood for Puerto Rico. His economic plan for Puerto Rico will provide the same safety net funding to PR as any other US state, including fair funding for Medicaid, the Earned Income Tax Credit, and Child Tax Credit, in addition to full Social Security benefits.
