Five Welfare Programs That Should Be Stopped

News Buzzard wrote:The Carried Interest break is my favorite: (Mitt Romney's also)   

http://www.democraticunderground.com/10024733001

News Hawk wrote:

News Buzzard wrote:The Carried Interest break is my favorite: (Mitt Romney's also)   

http://www.democraticunderground.com/10024733001

Democrats never learn from History.

Why not try passing a "Luxury Tax" and see what happens to industry.

(Again).

News Buzzard wrote:

News Hawk wrote:

News Buzzard wrote:The Carried Interest break is my favorite: (Mitt Romney's also)   

http://www.democraticunderground.com/10024733001

Democrats never learn from History.

Why not try passing a "Luxury Tax" and see what happens to industry.

(Again).

History tells us that massive tax cuts, unnecessary wars and the ramping up of the federal budget by 89% is a recipe for disaster. Aren't you the guy who threw out the suggestion of a veto proof majority in both chambers this Fall? Perhaps there should be some study of math before diving into selective history!

News Hawk wrote:The former "Luxury Tax"—now dead—should be a lesson; but no,  Prog's heads go back into the sand

"Bush, in his budget proposals, asked Congress to repeal the 10 percent luxury tax on yachts priced at more than $100,000 (and also on private planes that cost more than $250,000). The repeal, which Congress is likely to approve, would be retroactive to Feb. 1."

Since the tax took effect in January 1990, hundreds of builders of large and small boats have spoken of it as a stake driven into the heart of an industry already suffering from the recession, tighter bank rules on financing and fallout from the gulf war.

In the last two years, about 100 builders of luxury boats -- recreational craft costing more than $100,000 -- cut their operations severely and laid off thousands of workers. Some builders filed for protection from creditors under Chapter 11 of the Federal Bankruptcy Code.