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Maxprop
 
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Default OT A place where liberal politics and yachting collided


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Newsflash:
The luxury tax, implemented by Republican Conservative George Bush, was

repealed
in 1993 by Democratic Moderate, Bill Clinton.


Fact: G.H.W.Bush was opposed to the luxury tax, but signed the bill as a
compromise measure in order to obtain congressional approval for other of
his initiatives, not to mention some provisions of his own in that same
bill.

Fact: The luxury tax was a democrat initiative to penalize the rich. All
it accomplished was the demise of many businesses that employed thousands of
blue-collar workers. The old unintended result reared its ugly head, and
Clinton signed the repeal as any rational president would have done.

Max


 
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