Assembly Republicans Protecting Yacht Owners

(Sacramento) -- Assembly Republicans have voted to protect the wealthy, yacht-owning, Thurston Howell the Thirds from paying taxes on their expensive boats. Speaker Fabian Núñez (D-Los Angeles) says its callous and reckless for Republicans to protect the yacht owners by refusing to close a tax loophole while at the same time voting for spending cuts to the poor, the elderly and school. In this Assembly Web Report the Speaker says the yacht tax loophole votes by Assembly Republicans shows their priorities are not the same as most Californians.

Category:

People & Blogs

Tags:

• California
• Ca
• Capitol
• Fabian
• Nunez
• Democrats
• Republican
• taxes
• yacht
• money
• budget
• assembly
• voting
• californians
• vote

[weatheredandtorn]

Except you're lying:

State of California's Current GO Credit Ratings

Fitch Ratings: A+

Moody's Investors Service: A1

Standard & Poor's: A+

f you are poor in CA and spend $1,000 to buy a used car to get tot work, you pay taxes on it, but if you are a billionaire and spend $50 million on a yacht for use on weekends, you don't pay a penny in taxes. Only a Repub could consider this fair.

[bobsmithathome55]

Republicans are trying to keep democrats from raising ANY taxes. There is a reason California has such a low credit rating; It's because democrats want to constantly overspend. So instead of cutting back on spending, they want you to pay for it all by raising your taxes. Democrats have been in control of California for decades. What do we have? Closed hospitals, 50% drop-out rate, no new freeways and worst traffic in the country, sanctuary cities, now they want us to pay for their overspending.