Bob Noel wrote in message ...
In article ,
(C Kingsbury) wrote:

Meanwhile the
notion of a luxury tax, tried under Bush I, was so thoroughly
discredited by experience that it likely won't be heard from for
another generation. It devastated the boatbuilding industry so badly
even the big lefties had to admit it was a dumb idea.

really? Somehow I missed the big lefties admitting that. Do you
have a source for that? I'm not challenging you, I'd just like
to see it.

I'm probably extrapolating a bit too much from wishful thinking but I
strongly doubt we'll see anything like it again for a while.

http://abcnews.go.com/sections/ThisW...ll_030112.html

The fact that the tax battered companies in Maine, Massachusetts, and
Rhode Island had a lot to do with the fact that Congress set a
land-speed record rescinding it. New taxes usually take generations to
get rid of; this one took less than a decade.

Likewise, it's easy to demonize the owners of G-Vs, but every senator
would kill to have Gulfstream build a new factory in their state.

Best,
-cwk.