HR 2563 "Ending Taxpayer Subsidies for Yachts Act"

Even in the 90's a $100,000 boat was a 30ft sport fish or cruiser. That tax decimated the industry and caused the demise of many boat builders. In the current climate of job protection/growth this is a Bill not worth losing any sleep over.

Steve

 

The bill is co-sponsered by Timothy Walz from Minnesota. He happens to live in Rochester, a few blocks from where I have a second home, and so I e-mailed him, objecting to the bill and asking him to reply with his rationale for supporting the bill.

I told him you were really pissed about it too.

Just kidding there, but the first part is true and I did e-mail him. If he replies, I'll post it.

Actually, it's just a district office that is a few blocks from my home, not where he lives.

 

Sam,
I have no partisan interest in this. The reason I mention Dems is that they are the sponsors of this bill. They are the ones making this stupid attack. It is unlikely that the Dem Party as a whole endorses this bill. It is also unlikely that any readers on this thread are from this BOZO's district or that he would care if they were. We can and should point out to Dem's that ARE asking for our votes and contributions that this bozo is souring the Dem party image with this attack!!!!

You are obviously more interested in partisan politics than boating issues. I have no interest in your politics. You are wasting everyone's time trying to shift blame. Do report back to your party apparatus that boaters are offended by this bill and invite them to tell us why they should not be considered the "anti-boating party". The coastal subsidy comments I made are not partisan -anyone can see the voting records for themselves.

This is the article that called the bill to my attention.

http://mobile.businessweek.com/articles/2014-01-30/house-bill-would-end-tax-breaks-for-yachts

 

What if I am in favor of removing the mortgage interest deduction for primary as well as secondary homes.......? Who do I write to?

 

You're not alone...

http://en.wikipedia.org/wiki/Home_mortgage_interest_deduction

 

Yes, the whole thing is a mess. Private enterprise, government and citizens all need to be solvent without give- a- ways, rather than considering themselves scapegoats/victims that are entitled. Congressional pay should be permanently lost during periods of stalemates or lack of productivity (no success-no pay). Criminal penalties should be more severe for public officials who should be held to at higher standard than citizens. Taxes should be optional, but those that don't pay through choice or loopholes would have to pay considerable menu user fees for what is now free infrastructure- airport, docks, rescues, cleanups, etc.

Now what are the chances of that ever happening?

Porta

 

Start with your local representatives in congress and the senate. You could include members of the "ways and means" committee because that is their job. You might also get involved with a PAC pushing your agenda to party platforms.

The home interest deduction has certainly been questioned before. Given it's relation to housing and the fact that the government guarantees the vast majority of home loans I don't think there is any chance for direct elimination due to fear of calamity. I do see a chance for cutting it away to irrelevance -start by eliminating second homes and lower the cap. A little inflation here another cap lowering there and nobody can argue the deduction is important to the housing market.

I would like to keep this thread on track about singling out boaters for abuse.