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I was curious as to what exactly this is....McConnel's $150 million tax break for race horses...
when I Googled it the first thing that popped up was Zimmy's comments here..the second was a THINKPROGRESS article where it is mentioned in passing..other than that some vague references I guess..."bluegrass boodoggle" or something...had to do a lot of digging to finally figure out what this massive and unfair tax break being enjoyed by race horses not only in Kentucky is...
"McConnell in 2008 took credit for authoring the tax break, which allows accelerated, three-year depreciation for racehorses. At the time, he called it an issue of fairness given the limited racing life of many horses."
also read this today and it seemed so accurate....
David Gelernter, a Yale professor writes in his new book America-Lite:
"Everyone agrees that President Obama is not only a man but a symbol. He is a symbol of America's decisive victory over bigotry. But he is also a symbol, a living embodiment, of the failure of American education and its ongoing replacement by political indoctrination. He is a symbol of the new American elite, the new establishment, where left-liberal politics is no longer a conviction, no longer a way of thinking: it is built-in mind-furniture you take for granted without needing to think."
I don't know whether the accelerated depriciation of a race horse is "fair' or not but if you can't see the difference between massive and yes Zimmy..."unprecedented" handouts funnelled through the bureauracies of the federal government occupying greater and greater portions of our overall spending and depreciation of an asset, property or equipment through what I would enthusiasticaly agree is far too complicated a tax code... please show me someone who disdains all of these "special breaks" and tax treatment,corporate welfare who is willing and supportive of major tax code overhaul and simplification...they never seem to live in the same mind....
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