"Cindy Alronn" wrote ...

KWAME HOLMAN: The theory behind the luxury tax sounded simple enough.
Congress believed anyone willing to spend $100,000 or more on a new boat
surely would be willing to pay an additional 10 percent to the federal
government. But that didn't happen. Rather than pay the tax, many people in
the market to buy a boat either didn't buy one, or bought one overseas. ....

BS!.

The PO was asking $15,000 for my boat. I offered $10,000 and he accepted.
If he'd held out for $11,000 (10% more) I'd have accepted that too. I've put
well over $5000 (50%) more into her over the past year just to make her fit
my wife and I, so I really cannot believe that 10% makes anybody decide not
to buy or to buy overseas.

We've been looking at boats in the $150-200,000 range just in case we decide
to sell the house after we retire. Trust me, if we find a boat we want, 10%
isn't going to deter us.

Moreover, it's not as though the so called "conservatives" would quit
spending the money if/when that tax went away. They'd just borrow it and
leave our kids to pay the interest. Clinton was a tax-and-spend Democrat.
Bush is a borrow and spend even more Republican. Which is worse?