Yacht Owners Deserve A Huge Tax Break, Texas House Panel Decides

You know who's suffering in this economy?

Yacht owners, that's who. Luckily Texas legislators have recognized this crisis, and momentarily put aside slashing public education to address the issue.

A House panel has approved a bill that would cap state taxes on any yacht -- even the mega-million two-helicopter jobs -- at $18,000. Because isn't that enough to ask of yacht owners?

"With all due respect, sometimes I'm not sure what planet my Republican colleagues live on," state rep Mike Villarreal said (in a public release that described him as "flabbergasted"). "How can they say tax breaks for yachts are a higher priority than supporting our children's classrooms or keeping nursing homes open?"

The bill was pushed by Houston rep John Davis, who says its intent is not to reward the rich, but to save yacht-making jobs and all those service jobs that come with providing a welcoming atmosphere for yacht buyers. Why, the butler jobs alone will no doubt pay for this tax cut, even if a non-partisan legislative board says it will cost the state $1.4 million a year.

"I filed this bill at the request of one of the economic development groups in my district," Davis said in a written statement when he first introduced it. "The marine industry, from boat sales to maintenance and repairs, is an important economic driver in my district and the Gulf Coast region as a whole. I am committed to working to protect the jobs that go along with it."

Crisis solved!!


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8 comments
H_e_x
H_e_x

You get what you vote for, dammit.

Sanitsam
Sanitsam

More of this idiotic Laffer curve nonsense that claims as taxes rates decrease, revenues actually increase. Also been called 'vodoo economics'. Reagan learned this first hand, and then sensibly raised taxes.

Sadly, many seem to believe it has some evidence behind it. It doesn't.

JssWeller
JssWeller

Up next: tax breaks to River Oaks residents to help boost the lawn-care industry.

Jeff
Jeff

Well, thank GOD that is handled. I was wondering when the horrible tragedy of over taxed yacht owners would finally come to an end.

Ted Stickles
Ted Stickles

Uh, Rep. Mike, your colleagues live on Planet Republican.

Devlinsear
Devlinsear

Thanks to great legislative thinking like this, our undereducated children will have plenty of decks and hulls to scrub when they are old enough to enter the workforce. The marine industry will be the new Compaq.

Go Texas Republicans!

Evan
Evan

Hey, I know a better way of preserving jobs in Texas. Not firing teachers!

JB
JB

Pish posh. If the kids' parents cared enough about their education they would work hard enough and inherit an appropriate amount of money in order to send them to any number of terrific high quality private schools throughout the state. But no, they are selfish and expect society to do their parenting for them. Well, learn to tie a bowline knot you little leeches.

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