During Budget Crisis, Texas House Committee Passes Tax Break For Yacht Owners
In response to the worst state budget crisis since World War II, the Texas House has proposed slashing $27 billion from the budget, including huge cuts to education, nursing homes, and health care for the poor. Yet last Friday, the Texas House Ways and Means Committee approved a tax break for those who want to buy yachts costing $250,000 or more.
Texas faces one of the worst budget outlooks in the country, and amazingly, only about a third of it was caused by the economic downturn. The state has had a chronic shortage of revenue after years of slashing property and business taxes and creating numerous tax breaks and exemptions, just like the proposed one for yacht owners. Yet Republicans still insist on not raising taxes, and as a result have had to rely on draconian cuts to balance the budget.
No clue why anyone who isn’t rich would vote Republican. No clue at all as they don’t give one flying fuck about you.