Sunday, July 25, 2010

The funniest story of the week

The story that earns the award for the funniest of the week is the Boston Herald reporting on John Kerry's $7 million yacht that he had made in New Zealand and now docks in Rhode Island so he can avoid Massachusett's high taxes.
Sen. John Kerry, who has repeatedly voted to raise taxes while in Congress, dodged a whopping six-figure state tax bill on his new multimillion-dollar yacht by mooring her in Newport, R.I.

Isabel - Kerry’s luxe, 76-foot New Zealand-built Friendship sloop with an Edwardian-style, glossy varnished teak interior, two VIP main cabins and a pilothouse fitted with a wet bar and cold wine storage - was designed by Rhode Island boat designer Ted Fontaine.

But instead of berthing the vessel in Nantucket, where the senator summers with the missus, Teresa Heinz, Isabel’s hailing port is listed as “Newport” on her stern.

Could the reason be that the Ocean State repealed its Boat Sales and Use Tax back in 1993, making the tiny state to the south a haven - like the Cayman Islands, Bermuda and Nassau - for tax-skirting luxury yacht owners?

Cash-strapped Massachusetts still collects a 6.25 percent sales tax and an annual excise tax on yachts. Sources say Isabel sold for something in the neighborhood of $7 million, meaning Kerry saved approximately $437,500 in sales tax and an annual excise tax of about $70,000.
Of course, there is nothing wrong with people doing what they can to avoid paying higher taxes, but the irony is sublime when liberals who are always railing about taxes on the rich then turn around and take advantage of whatever tax breaks they can find. Howie Carr points to the example of the Kennedy family.
Do as I say, not as I do. Taxes for thee but not for me. Just like when the Kennedys were allowed to file Rose’s will for probate in low-tax Florida, even though she hadn’t left Massachusetts for the last 12 years of her life.

John Kerry was for higher taxes before he was against them.
When questioned about this, John Kerry tried to shift the blame to his wife.
“My wife is the majority stockholder of this, eh, holds it and she’s a Pennsylvania taxpayer so let’s not get silly here. We pay enormous taxes to the state of Massachusetts and there is nothing illegal here. . . .

“I’m not going to get hounded by a bunch of politics in this . . . and that’s the way it is.”
Ah, there is the answer of the man known to ask lowly others, "Do you know who I am?" Well, yes, we do know who you are Senator. You are a jerk.

But when you were using your wife's first husband's trust fund to buy a yacht, would it have been so difficult for you to have bought an American-made yacht. That $7 million would have been very welcoming to those workers in the yacht-building industry in America who haven't had much business in the past couple of years. And they're rather irritated that you took your talents to New Zealand when you wanted to purchase your luxury yacht.
New England boat builders say shame on Sen. John Kerry for buying a $7 million New Zealand-built luxury yacht while local ship makers struggle to find work.

“Darn, that would have been a wonderful job for a Maine builder,” said Jane Wellehan, president of the trade group Maine Built Boats. “If someone comes to build a $7 million boat that would employ half the population of some towns for a year or two. Boat building is such a critical component of our coastal economy.”

Gregory Egan, who owns the Crosby Yacht Yard in Osterville, said Bay State boat builders must feel cut adrift by Kerry as well.
Sorry, all that buy-America c**p coming out of Congress and being encourage in bills that Kerry supports doesn't mean a thing when it comes to buying that glossy teak interior for his private use. As his spokesman attempts to weasel his way around this, they just expose his hypocrisy even more.
When asked to respond to criticism of Kerry’s decision not to buy American, his state director, Drew O’Brien, said: “When it comes to creating and preserving jobs and economic opportunity in Massachusetts, no one has worked harder in Washington than John Kerry. Sen. Kerry is using smarts, clout and good old-fashioned hard work to make the Massachusetts economy grow and prosper.”

Steve Capozzola, media director for the Alliance for American Manufacturing, was surprised at Kerry’s move. House Democrats are pushing legislation to boost American manufacturing jobs.

“It’s ironic that he’d be buying a foreign-made boat when the House Democrats are considering a number of measures to revitalize American manufacturing,” he said.
See, he's willing to pass laws and spend federal money to boost American manufacturing, just not spend any of his wife's trust fund to do so. Isn't he special?