[courtesy of The California Majority Report]

It looks like the Republican's favorite tax cut -- a tax cut for yacht buyers -- is going to be history. Both the Senate and Assembly Budget committees have voted for its elimination.

Only Republican Assemblymember Roger Niello struggled to make a logical argument protesting its elimination while moments before slashing benefits for the lowest-income Californians (he eventually stayed off the bill). But even GOP stalwarts like Assemblymember Chuck DeVore and four other Assembly GOP'rs ended up voting for it.
 
Kudos to Assemblymember Dave Jones and others for spearheading the drive to rid our tax code of this provision.

Image courtesy Costumzee.