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Monday, May 2, 2011

Texas repugicans approve tax cuts for yachts over $250,000

It's especially curious since most of those yachts are now built in China.
Why do Texas repugicans want to encourage new business in China as opposed to in the USA?

Obviously they hate America.
The Texas House Ways and Means Committee has approved a tax break for those who want to buy yachts costing $250,000 or more.

In a vote late Thursday, the committee approved a bill by Houston repugican John Davis. The proposed law would cap the maximum sales tax the state would collect on the sale of a personal boat.

Davis says the measure is needed because Florida has a similar law and boat buyers are going there to make their purchases. The measure passed on an 8-3 vote along party lines.

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