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  • Tax-Free Yachts.

    Deranged Repugs vote to cut education and cut medical care but to maintain the tax-free status of yachts.

    'Sloophole' for yacht buyers remains open

    By Evan Halper, Los Angeles Times Staff Writer



    SACRAMENTO -- Yacht buyers will continue to benefit from a loophole that allows them to avoid sales tax on their boats, after Republicans in the Assembly blocked an effort to close it Tuesday.

    Closing the tax loophole -- "sloophole" as it has come to be known by Democrats -- takes a two-thirds majority vote in each house of the Legislature, which requires some Republicans to get on board. Not enough of them did Tuesday, so on a 47-18 vote by the 80-member Assembly, the move to scuttle the tax benefit failed.

    Last week, lawmakers voted to cut schools, healthcare and welfare programs by $2 billion.

    "It is unconscionable to cut education and welfare while not closing this loophole," said Assembly Budget Committee Chairman John Laird (D-Santa Cruz). "Everyone needs to be part of a budget solution, including yacht owners."

    Republicans, who say forcing yacht buyers to pay the tax would drive jobs out of California, called the proposal "political gamesmanship" that would do little to close the state's multibillion-dollar deficit.

    "Let's focus on the real budget, the real problems and what we have to do," said Assembly Republican Leader Mike Villines of Clovis.

  • #2
    That's pretty bad.
    Life is not measured by the number of breaths you take, but by the moments that take your breath away.
    "Hating America is something best left to Mobius. He is an expert Yank hater.
    He also hates Texans and Australians, he does diversify." ~ Braindead

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    • #3
      That is pretty crappy by the repugs...
      You just wasted six ... no, seven ... seconds of your life reading this sentence.

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      • #4
        Re: Tax-Free Yachts.

        Originally posted by Zkribbler
        Deranged Repugs vote to cut education and cut medical care ...
        Which party is in the majority in CA government?
        I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
        For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

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        • #5
          Hurray! Thanks to "sloophole" I'm like 7% closer to the amount of money I'll need to buy my Yacht!

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          • #6
            Taxes aren't set by majority rule.

            We're one of three states which requires a 2/3 vote of the Legislature. The Repugs hold 1/3 + about six votes, so they can wag the dog on matters like this.

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            • #7
              Originally posted by Aeson
              Hurray! Thanks to "sloophole" I'm like 7% closer to the amount of money I'll need to buy my Yacht!
              You can get a yacht just not an education or medical care

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              • #8
                Originally posted by Zkribbler
                We're one of three states which requires a 2/3 vote of the Legislature. The Repugs hold 1/3 + about six votes, so they can wag the dog on matters like this.
                The CA GOP held a gun to the heads of the Dem membership and forced them to vote for cuts to education medical care?
                I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
                For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

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                • #9
                  No...the gun was held by the California Constitution, which requires a balanced budget. We're not allowed to spend more than we take in.

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                  • #10
                    Are you allowed to bank some of the money instead of spend it?
                    You just wasted six ... no, seven ... seconds of your life reading this sentence.

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                    • #11
                      So how did teh GOP force those cuts?
                      I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
                      For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

                      Comment


                      • #12
                        It was the Repug's "read my lips, no new taxes" hardline tactics combined with the crash in property-tax revenues.

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                        • #13
                          Sounds like deflection to me.
                          I make no bones about my moral support for [terrorist] organizations. - chegitz guevara
                          For those who aspire to live in a high cost, high tax, big government place, our nation and the world offers plenty of options. Vermont, Canada and Venezuela all offer you the opportunity to live in the socialist, big government paradise you long for. –Senator Rubio

                          Comment


                          • #14
                            Clearly there are several ways to look at this.

                            The Demonrats even bringing this up when it amounts to a small hill of beans compared to other things seems very petty to me.

                            On the other hand, the Repugs excuse for not removing the loophole sounds like a load of crap.
                            Founder of The Glory of War, CHAMPIONS OF APOLYTON!!!
                            1992-Perot , 1996-Perot , 2000-Bush , 2004-Bush :|, 2008-Obama :|, 2012-Obama , 2016-Clinton , 2020-Biden

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                            • #15
                              dp
                              I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
                              - Justice Brett Kavanaugh

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