TX budget crisis: tax expenditure for yachts

[boutons_deux]

TX, a wannabe country, should impose tariffs on imported goods so TX won't be dragged into state-vs-state tax-expenditure wars. FL is "dumping" yacht sales out of TX.

[greyforest]

I would think most yacht buyers would buy yachts as a "business-related expense"

[CosmicCowboy]

I would think most yacht buyers would buy yachts as a "business-related expense"

WTF?

We are talking state sales tax. Has nothing to do with Federal tax deductions.

[Aggie Hoopsfan]

regressive tax expenditures to support the wealthy

widespread budget cuts to screw the non-wealthy

aka, that's how Repugs roll.

So what do you think of Obama's plan announced today to tax drivers by the mile driven? On top of the 30+ cents per gallon gas taxes already paid?

[Spurminator]

http://www.dailymail.co.uk/news/arti...ite-House.html

However the White House has dismissed the proposal as an early draft not formally circulated within the administration and not representing the views of Barack Obama.

Oil collapsed on Thursday, diving 10 per cent and sending U.S. crude back under $100 a barrel as investors ran for the exit doors.

Weak economic data in Europe and the U.S. fed concerns that have battered commodities all week.

German industrial orders fell in March while U.S. weekly jobless claims hit eight-month highs.

Brent crude plunged more than $12 at one point - exceeding the sell-off after Lehman Brothers' collapse - and U.S. crude broke below $100 for the first time since March.
‘This is not an administration proposal,’ a White House spokesman said. ‘This is not a bill supported by the administration.

‘This was an early working draft proposal that was never formally circulated within the administration, does not taken into account the advice of the President’s senior advisers, economic team or Cabinet officials, and does not represent the views of the President.’

[Wild Cobra]

I wonder how many liberals understand such economic realities.

[FromWayDowntown]

We can't fund our schools and are buried in a deficit, but yachts should be flying off the shelves.

At least the governor has declared his draconian "injured persons are mere costs of growing business" tort reform regime an emergency matter.

I feel as though I've gone through the looking glass.

(the quote is my own characterization; I don't mean to suggest that Gov. Perry has overtly acknowledged this aspect of his proposals)

[boutons_deux]

So what do you think of Obama's plan announced today to tax drivers by the mile driven? On top of the 30+ cents per gallon gas taxes already paid?

Given the upcoming, inevitable, deep, long-term economic catastrophe when oil becomes scarce, taxing oil so high now that alternatives are artificially made compe ive is pro-Human-American strategy.

Of course, the Corporate-American oilcos will (continue to) do everything necessary to make the catastrophe occur sooner and deeper, since they will benefit enormously from oil at $200+/barrel from raping Human-Americans. aka, "catastrophe capitalism".