My boyfriend, a proud Native Puerto Rican, often shares with me the profound effects that Act 60 and PROMESA have on all Puerto Ricans. These policies are leading to unprecedented gentrification and displacement, distorting the cultural and economic landscape of Puerto Rico. While they were initially introduced as mechanisms to alleviate the island's financial burdens, they have inadvertently become tools that benefit wealthy outsiders rather than the local populace.

Act 60, under the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA), was created to promote investment and economic recovery in Puerto Rico. However, the tax incentives and exemptions provided have disproportionately benefited affluent individuals from outside the island. These wealthy migrants take advantage of these benefits without genuinely contributing to the local economy or community. Instead of fostering growth, these policies have led to an increase in real estate prices, making it nearly impossible for native Puerto Ricans to afford housing in their own neighborhoods.

This is not just an economic concern but a social one. The displacement caused by rising costs is eroding the very fabric of Puerto Rican culture and community. Families are forced out of their homes, businesses that serve the local populace are shut down, and the rich heritage of Puerto Rico is at risk of being overshadowed by luxury developments catering to the wealthier class.

Act 60 needs to be revised to ensure that the intended benefits reach the people who truly need them—the residents of Puerto Rico. This means implementing measures to protect them from rising costs, providing support for local businesses, and ensuring that any tax incentives are linked to genuine contributions to the local economy, such as employment opportunities for locals and investments in sustainable development projects.

It's time for the government to reassess these policies with a focus on the long-term wellbeing of Puerto Ricans. Let's urge our policymakers to bring about these necessary changes. Sign this petition to demand a revision of Act 60, ensuring it fulfills its original promise to aid the people of Puerto Rico rather than continuing the cycle of displacement and cultural erosion.