Tuesday, May 03, 2011

Texas House Proposes Cutting Education but Gives Breaks to Wealthy Yacht Buyers

It's no joke.  During our states biggest budget crunch the lawmakers in Austin proposed slashing $27 billion from the budget.  That will mean lots of cuts to education, health care and nursing homes, but surprise, there is a provision to cut taxes!

This time the tax cut is for people buying personal boats over $250,000, in other words yachts!  The bill proposed by Houston Republican Rep. John Davis would cap sales tax on the luxury craft and cost the state $1.4 million.  Now just exactly does this help the budget?

Once again the GOP has been proven to be the party of the rich, by the rich and for the rich.  Don't be fooled, they are not trying to balance the budget, merely rob the treasury for their rich contributors. Now let's all go out and buy a yacht!

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