A Hurricane Heads For Puerto RicoBy
The narrow streets of Vega Baja, Puerto Rico, are a world away from Washington. But Mayor Luis Menendez knows that politicians inside the Beltway hold his town's future in their hands. Among the issues at stake in President Clinton's economic plan is the multibillion-dollar tax break that has enticed a panoply of U. S. companies to towns across Puerto Rico. Some 3,500 residents of Vega Baja work for General Electric, Warner-Lambert, Motorola, and Schering-Plough. If Congress makes severe changes in the tax benefit, the workers could lose their jobs. "It will be agony," warns Menendez.
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