Assembly Republicans Protecting Yacht Owners

[courtesy of The California Majority Report]

Assembly Republicans have voted to protect the wealthy, yacht-owning, Thurston Howell the Thirds from paying taxes on their expensive boats. Speaker Fabian Núñez (D-Los Angeles) says its callous and reckless for Republicans to protect the yacht owners by refusing to close a tax loophole while at the same time voting for spending cuts to the poor, the elderly and school. In this Assembly Web Report the Speaker says the yacht tax loophole votes by Assembly Republicans shows their priorities are not the same as most Californians.

Meanwhile, David Dayen at Calitics has a follow-up to yesterday's California Yachting Association ad.