RUSH: And in California… Now, would you agree that most of the rich people in California are liberals? I mean, there\u2019s no question about this, correct? All right, from the LA Times: “Loophole You Can Sail a Yacht Through – Offshore purchases let wealthy Californians escape paying millions in sales taxes.” (Gasp!) “Amid spending projections and tax proposals being exchanged in Sacramento, a surprising document recently cropped up: ‘The 90 Day Yacht Club Guide to Ensenada.\u2019 [see] It\u2019s a guide to a California sales tax loophole that hundreds of yachts sail through every year, costing the state as much as $55 million. And it is one of a handful of issues still on the table as lawmakers rush to reach agreement on a $103-billion state budget by the end of the fiscal year” which ends at midnight tonight.<\/p>\n
“Democrats want to kill the loophole to raise money for social services. Republicans want to save it, saying it keeps boating industry jobs in California. At issue is the state\u2019s sales tax of about 8% — depending on the county — on most purchases, including vessels of all kinds. For most boat buyers, the tax is no more than a few thousand dollars. But for boats costing $400,000 and up, many financial advisors say it pays to avoid the sales tax altogether” all you gotta do is take “advantage of the loophole in the law. So what happens is, “buyers make their purchases offshore — and keep the boats out of state for 90 days. After that, they can bring their vessels back to California without paying the sales tax [at all] on new purchases. Tax officials say buyers of planes and luxury RVs are doing the same thing.”<\/p>\n
That\u2019s right! These people are a bunch of Benedict Arnolds but I say, “Go for it.” If there\u2019s a loophole in the law and you can escape, do it! If all you got to do is go buy your yacht and not (program observer interruption). Ohhhhh! (program observer interruption) The children will not “suffer.” This is like saying we need — here, let\u2019s go to audio sound bite — where is it? — #6. This guy was on Hannity & Colmes last night, his name is Ron Daniels. He\u2019s a syndicated columnist, and he\u2019s black, and Ollie North says, “What\u2019s wrong with lower taxes? What\u2019s wrong with higher moral standards, better schools — and quite frankly, the fact that Colin Powell and Condi Rice just happen to be black?” There was a discussion about what the Republicans have to do to “reach out to blacks,” and this (Daniels) guy was saying that blacks in the Bush administration don\u2019t count because it\u2019s not about color; it\u2019s about ideology, which is why I\u2019ve always said! It\u2019s the NAALCP, the National Association for the Advancement of Liberal Colored People, not the NAACP. But listen to what this guy, Walters — or Daniels, I\u2019m sorry — had to say.<\/p>\n
DANIELS: That\u2019s the “Three C\u2019s Disease,” I call it: Condoleezza, Clarence, and Colin.<\/p>\n
NORTH: (Groans.)<\/p>\n
DANIELS: It\u2019s not really about color. It\u2019s about ideology. So we want to talk about 50% unemployment in New York of black men. This happens to be the case here, and we\u2019re just talking about the question that we have more black men in prison now than in colleges and universities.<\/p>\n
RUSH: Yeah. Well, the three C\u2019s Disease: Condoleezza, Clarence and Colin. Yeah, “it\u2019s not about color. It\u2019s about ideology.” Before this, what this guy had said was that we need to take the money we\u2019re spending on Iraq and spend it on schools. We need to take the money we\u2019re spending on Iraq and spend it on the poor. We are spending so much money! Do you know that 60% of the federal budget is entitlements, meaning social programs? 60%! We spend over two times on education already what we spend on defense, and there\u2019s money left over (story) as we chronicled yesterday and in today\u2019s sterling Morning Update. There\u2019s money left over. There\u2019s $2 billion left over right now, and they\u2019ve got till the end of the year to earmark how that money is going to be spent and they\u2019re going to lose it yet they\u2019re all out there clamoring for more because there\u2019s a shortfall. There\u2019s no shortfall. So all this talk about, “We\u2019ve got to close that sales tax loophole for the children!” Hell with it, California is already spending enough money on social services. That\u2019s what\u2019s wrong in the first place.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: And in California… Now, would you agree that most of the rich people in California are liberals? I mean, there\u2019s no question about this, correct? All right, from the LA Times: “Loophole You Can Sail a Yacht Through – Offshore purchases let wealthy Californians escape paying millions in sales taxes.” (Gasp!) “Amid spending projections […]<\/p>\n","protected":false},"author":56,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[12,1],"tags":[],"yoast_head":"\n