Posted on 10/06/2009 8:15:25 AM PDT by Shellybenoit
Yo Ho Ho and a bottle of rum? Well not quite. Last year the plant of the company that produces Captain Morgan Rum announced that it was moving from Puerto Rico and the Virgin Islands.The Move was based on a the Virgin Islands subsidizing the production Captain Morgan Rum throughout the 30-Year Deal. Rum is an industry that gets subsidized from the federal government out of U.S. rum taxes, the Virgin Islands planned on using the money from the Rum Taxes to pay the Morgan manufacturers.
Puerto Rico and the Virgin Islands are now fighing in Congress. Puerto Rico wants the rules changed to limit how much the Islands can give the liquor industry which will make the Virgin Islands pay for the deal out of their own treasury. The Virgin Islands are fighting to keep maintain the status quo.
In the end neither side will really win. Although the man in charge of the Congressional Committee making tax law, Charlie Rangel has already won. His campaign coffers have been greatly enriched by both parties in this battle:
(Excerpt) Read more at yidwithlid.blogspot.com ...
Great, when he is thrown out he can keep the campaign funds. He wont pay taxes on that either.
Most ethical congress ever.
Puerto Rico Ping! Please Freepmail me if you want on or off the list.
Captain Morgan Rum....
Mmmm... Mmmm... Mmmm...
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