AOC Dunks on McCarthy: If You Want To Cut Spending, What About No Yacht Tax Breaks?

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The storyline was a hook, line, and sinker for the right: A hotel kicked out American veterans to make room for an influx of migrants being shipped to the town. A media firestorm quickly slammed officials for a completely made-up occurrence.

Republican Assemblyman Brian Maher even denounced the hotel by name, going on to attack the federal government’s dealings with migrants and asylum-seekers. “So the Biden administration, Governor Hochul, and the city of New York, they all have a part in this, and it’s a total embarrassment,” Maher said on Fox & Friends First. “It’s a slap in the face to veterans, to citizens of New York in this country, who are really being cast aside to allow for asylum-seekers to come here.”

Maher spoke highly of Toney-Finch, perpetrator of the fraudulent story. “Sharon spoke out, and now she’s getting hate messages. She asked me to handle this interview today because she wants to focus on the veterans,” Maher said on Fox’s airwaves. “And by the way, one of these veterans, 30 years old, he was there for the Afghanistan pullout. For me, one of the most embarrassing moments for our country in our history. And after getting home, he was kicked out of this hotel trying to reintegrate back into our society.” Maher even appealed to the public to donate to the YIT Foundation.

Jo-Jo-66- on May 20th, 2023 at 11:59 UTC »

This should be the Democrats messaging.. want to cut spending? How about the tax cuts Trump approved that sunset for the average American but do not for billionaires? How about taxing mansions, yachts, private jets ? Put that out there every single time…

ConstantlySlippery on May 20th, 2023 at 11:14 UTC »

It’s a good point AOC has, this shit is everywhere and it’s ridiculous. These are the kinds of laws republicans really fight for, and get paid for by lobbyists.

Example she mentions looks like this:

https://cruisingyachts.net/chartering-tax-deduction#:~:text=Tax%20Shelter%20and%20Cash%20Flow%20Advantages%20of%20Charter%20Ownership&text=Under%20Section%20179%20of%20the,a%20maximum%20deduction%20of%20%24500%2C000.

And it continues…

AND THIS MAY BE THE BEST NEWS OF ALL..… the Section 179 and Bonus Depreciation deductions are exempt from the AMT calculation!

So us working chumps have to pay full taxes on the car we need to get to work. yacht for the wealthy? Nope, the first 1/2 million is tax free and exempt from AMT.

crackdup on May 20th, 2023 at 10:42 UTC »

Increasing taxes on Yachts? Manchin's inner republican intensifies..