Eliminate Jones Act once and for all!
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The Jones Act has been drowning Puerto Rico's economic growth for almost a century by not allowing them to have a free-market opportunity to compete with other nations and allowing them to profit from trading goods with other countries.
The law dates back to 1920 and requires all goods ferried between U.S. ports to be carried on ships built, owned and operated by Americans. And those ships are far more expensive to buy and operate than ships flying foreign flags. As a result, it makes just about everything in Puerto Rico more expensive.
A 2012 study from the New York Federal Reserve found that shipping a container from the US East Coast to Puerto Rico cost $3,063. But shipping the same container on a foreign ship to the Dominican Republic nearby cost only $1,504. More broadly, the island loses $537 million per year as a result of the Jones Act, according to a different study conducted in 2010 at the University of Puerto Rico.
President Trump on Wednesday noted the powerful shipping industry had lobbied against a waiver, and critics seized on that comment to suggest the White House was basing its decision what industry wanted.
Recently republican Sens. John McCain and Mike Lee introduced legislation to permanently exempt Puerto Rico from the Jones Act shipping law which they view as protectionist and anti-competitive, driving up the costs of fuel and other important supplies such as food, clothing, and medicine.
If we want Puerto Rico to have economic growth, rebuild the devastated island's infrastructure and pay off the $73 billion in debt, we must come together and let Washington know that the Jones Act must be eliminated. Please sign this petition today!
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