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prima:Center for a New Economy proposes economic development fund with rum tax refund

CNE Policy Director Sergio Marxuach believes that the trust that is created should remain intact for at least five years

July 19, 2025 - 1:50 PM

Marxuach said that, in total, the reimbursement to the Puerto Rican treasury—if projected rum sales are met—could reach $300 million annually or $1.5 billion over five years. (Xavier Araújo)

Washington D.C. - The Center for a New Economy (CNE) proposed creating a special fund to finance economic development initiatives, using the hundreds of millions of dollars that the treasury receives annually as part of the reimbursement for the federal excise tax on Puerto Rican rum.

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