Drudge Retort: The Other Side of the News
Friday, July 13, 2018

A recently filed financial disclosure shows U.S. Rep. Vern Buchanan celebrated passing the House version of the Republican tax bill in quite the lavish way. According to the disclosure, Buchanan spent between $1 million and $5 million purchasing an Ocean Alexander yacht on Nov. 16, 2017, the same day he joined 226 other Republicans and no Democrats in voting for the first draft of the "Tax Cuts and Jobs Act."

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Given his net worth and income, progressive group Tax March estimated that the bill would save him up to $2.1 million on his taxes.

That's most of the way to a yacht, which likely trended toward the higher end of the reported range given that Ocean Alexander's least expensive model -- the 70-foot 70E Motoryacht -- has a base price of $3.25 million.

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Buchanan hasn't said much about the tax plan in the months since it passed, though as chair of the Tax Policy Subcommittee of the House Ways and Means Committee he played a key role in crafting the legislation.

Nor has he said much about his party affiliation -- in the TV ads he's released for his re-election campaign, he's cast himself as an effective bipartisan lawmaker and as an independent leader without ever mentioning that he's a Republican.

#1 | Posted by Gal_Tuesday at 2018-07-12 10:53 PM | Reply

Crafty.

Literally.

#2 | Posted by Rightocenter at 2018-07-12 11:07 PM | Reply | Funny: 1

"For the nation's highest earners and for corporations, however, it was a magnanimous change in policy."

The idea was to borrow an additional 10% of all the deficit we've rung up since 1776, to give over 80% of it away to the world's wealthiest 1%, including 60% to the world's wealthiest .1%

ALL of it is additional, borrowed money.

And next week, they'll cry about deficits, and gnash their teeth about cutting SS and Medicare.

#3 | Posted by Danforth at 2018-07-12 11:18 PM | Reply | Newsworthy 9

to give over 80% of it away to the world's wealthiest 1% -#3 | Posted by Danforth at 2018-07-12 11:18 PM
You can tell someone is following the script/talking points when they try to pretend that taking less of your money is actually giving you money.
There is no honest way to suggest that taking less from someone is giving them something.

#4 | Posted by Avigdore at 2018-07-13 08:10 AM | Reply | Newsworthy 1

"There is no honest way to suggest that taking less from someone is giving them something."

Gee, I wonder if he is more likely to require the services of the Coast Guard than I am? Court system? Even highways. Airports. Parks. And quit calling Dwight D. Eisenhower dishonest. We have a progressive income tax system only reactionary Libertarians favor a flat tax which would require huge tax increases on the average tax payer which they simply could not afford. FDR saved this nation from people like you thank God, let's not ever consider listening to those who would bring about another great depression because of "fairness to the wealthy." That is totally an economic theory which has been rightly placed in the trash bin of history.

#5 | Posted by danni at 2018-07-13 10:46 AM | Reply | Newsworthy 3


@#3 ... The idea was to borrow an additional 10% of all the deficit we've rung up since 1776, to give over 80% of it away to the world's wealthiest 1%, including 60% to the world's wealthiest .1% ...

One of the largest legislated transfers of wealth that I can remember.

#6 | Posted by LampLighter at 2018-07-13 10:48 AM | Reply | Newsworthy 1

Gee, I wonder if he is more likely to require the services of the Coast Guard than I am? Court system? Even highways. Airports. Parks.#5 | POSTED BY DANNI AT 2018-07-13 10:46 AM | FLAG:

You failed to mention emergency services, social services and police.

#7 | Posted by fishpaw at 2018-07-13 10:55 AM | Reply | Newsworthy 1

This kindof reminds me of Bernie Sanders buying a lake front estate after endorsing Hillary Clinton. Both seem sketchy.

#8 | Posted by fishpaw at 2018-07-13 10:59 AM | Reply | Newsworthy 1

Gee, I wonder if he is more likely to require the services of the Coast Guard than I am?

#5 | POSTED BY DANNI AT 2018-07-13 10:46 AM | FLAG:

You are more likely. He can afford Sea Tow.

#9 | Posted by sitzkrieg at 2018-07-13 11:11 AM | Reply | Newsworthy 1

Just checked my stock portfolio. Looks like a new boat is in my near future. MAGA.

#10 | Posted by visitor_ at 2018-07-13 11:23 AM | Reply

You can tell someone is following the script/talking points when they try to pretend that taking less of your money is actually giving you money.
There is no honest way to suggest that taking less from someone is giving them something.

#4 | Posted by Avigdore

Sure, if you accept the fallacy that its HIS MONEY that he earned without any help from society.

Taxes are just society taking ITS CUT of the income you earn WITH THE HELP OF SOCIETY.

People who think taxes are the GUBERMINT TAKIN MY MONEY are ignorant ungrateful ------.

#11 | Posted by SpeakSoftly at 2018-07-13 11:27 AM | Reply | Newsworthy 2

Just checked my stock portfolio. Looks like a new boat is in my near future. MAGA.

#10 | Posted by visitor_

Better send your thank you card to obama. Market is flat since the tax cuts were passed.

#12 | Posted by SpeakSoftly at 2018-07-13 11:28 AM | Reply

I'm very thankful that Obama is no longer president.

#13 | Posted by visitor_ at 2018-07-13 11:33 AM | Reply

They say a rising tide lifts all boats. In this case, it lifts the biggest ones first, and while we are waiting for the trickle down to happen, the working class can make paper sail boats for their kids.

#14 | Posted by Gal_Tuesday at 2018-07-13 11:47 AM | Reply

I'm very thankful that Obama is no longer president.

#13 | Posted by visitor_

Sure. Better for the president to be someone who proves that lying, cheating, and cruelty is the path to success instead of someone who shows anything is possible if you work hard.

#15 | Posted by SpeakSoftly at 2018-07-13 11:51 AM | Reply

Sure, if you accept the fallacy that its HIS MONEY that he earned without any help from society.
Taxes are just society taking ITS CUT of the income you earn WITH THE HELP OF SOCIETY.
People who think taxes are the GUBERMINT TAKIN MY MONEY are ignorant ungrateful ------.

#11 | POSTED BY SPEAKSOFTLY AT 2018-07-13 11:27 AM | FLAG:

Simple example for a simpleton, you put a lemonade stand out front of your house, you build a table, buy the mix, cups, etc. Make signs and man the table. You pay the local, state and federal Government sales taxes, income taxes and permiting fees which should cover the sidewalks, roads, police and town code enforcement. So how did society help enough for YOU to take more of this person's money?

#16 | Posted by fishpaw at 2018-07-13 11:59 AM | Reply

...people like you thank God, let's not ever consider listening to those who would bring about another great depression because of "fairness to the wealthy." That is totally an economic theory which has been rightly placed in the trash bin of history. - #5 | Posted by Danni at 2018-07-13 10:46 AM
Somehow you're pretending that my statement that 'taking less from someone isn't giving them something' means that I am adhere to some 'fairness to the wealthy' doctrine?
If you're going to quote and reply to me, how about discussing something, anything, pertinent to what I've written, not whatever beliefs you feel like falsely assigning to me. Thanks.

#17 | Posted by Avigdore at 2018-07-13 12:03 PM | Reply | Newsworthy 1

"There's no difference between the two parties."
All DR writers who wrote that before the election should be gang-slapped by the Valdosta, GA ladies of the DAR.

#18 | Posted by e1g1 at 2018-07-13 12:04 PM | Reply

#11 | Posted by SpeakSoftly at 2018-07-13 11:27 AM
Even assuming that you are correct:
Taking less of the money is STILL not giving him more money. You know, the thing that I actually claimed.
When this man sold his French Chalet, what help did the US provide him that he needed to pay for, again?

#19 | Posted by Avigdore at 2018-07-13 12:10 PM | Reply | Newsworthy 1

Just checked my stock portfolio. Looks like a new boat is in my near future. MAGA.

#10 | POSTED BY VISITOR_

I just checked with the average wage earner. Thanks to increased healthcare, gas and rent prices, it looks like they're going to have to put off buying new tires and shoes for awhile. MAGA!

#20 | Posted by Whatsleft at 2018-07-13 12:17 PM | Reply

"So how did society help enough for YOU to take more of this person's money?" To discuss that intelligently we need to remember a time when society did take a much larger portion of the wealthiest Americans' incomes. When we did that we paid down the WWII debt, we fought the Korean War, we built the Interstate Highway System, we spent billions on curing diseases which had plagued us for centuries like Polio, etc. We educated our population with free college in some states and nearly free in most other states. Nixon started the EPA and we began cleaning up our environment which was terrible in those days, it's much better today. Wages rose year to year to the point that one man with a high school education could own a home, a car, educate his children and take vacations every year. Employers were much more generous because what was the point in earning over 3,000,000 if you were going to give most of that to the government? So they gave raises to employees instead. We built a great country with the progressive income tax and today we are watching it deteriorate so that the top ten percent, who are already rich, can get even richer. It's stupid.

#21 | Posted by danni at 2018-07-13 12:17 PM | Reply | Newsworthy 2

How about we work at this from another direction.
How much, in real US dollars, is each person responsible for as their share of the 'HELP OF SOCIETY'? We all make up society. It provides the same for all of us. What is that cost?
Instead of saying 'this is how much we bring in, now what can we buy' lets go with 'this is how much society costs, now lets figure out how to divide that cost up amongst society'.

#22 | Posted by Avigdore at 2018-07-13 12:39 PM | Reply

Just checked my stock portfolio. Looks like a new boat is in my near future. MAGA.

#10 | POSTED BY VISITOR_
Yeah, but can you afford the paddle.
If he had bought a US made yacht I'd say good but buying a Taiwan yacht don't help .

#23 | Posted by patron at 2018-07-13 12:40 PM | Reply

"Simple example for a simpleton"

he got a yacht from his tax break. what did you get from your tax "break"?

that's about as simple as it gets

#24 | Posted by ChiefTutMoses at 2018-07-13 01:05 PM | Reply

Just checked my stock portfolio. Looks like a new boat is in my near future. MAGA.

#10 | POSTED BY VISITOR_

VISITOR'S NEW BOAT

#25 | Posted by donnerboy at 2018-07-13 01:30 PM | Reply

How about we work at this from another direction.

How about if those wealthy and corporations that benefit the most from the tax cuts actually pass real wage increases on to their employees, as Republicans promise, instead of simply hoarding more money? Better yet, why wasn't a solid plan to bolster infrastructure passed, as Trump promised, instead of simply cutting taxes and driving up debt?

Instead of saying 'this is how much we bring in, now what can we buy' lets go with 'this is how much society costs, now lets figure out how to divide that cost up amongst society'.

#22 | POSTED BY AVIGDORE

Those who benefit the most from our society should have to pay the most to maintain and strengthen it it. Is that simple enough for you?

#26 | Posted by Whatsleft at 2018-07-13 01:34 PM | Reply | Funny: 1 | Newsworthy 2

the working class can make paper sail boats for their kids.

#14 | POSTED BY GAL_TUESDAY

Can the working class even afford paper?

#27 | Posted by Whatsleft at 2018-07-13 01:36 PM | Reply

Simple example for a simpleton, you put a lemonade stand out front of your house, you build a table, buy the mix, cups, etc. Make signs and man the table. You pay the local, state and federal Government sales taxes, income taxes and permiting fees which should cover the sidewalks, roads, police and town code enforcement. So how did society help enough for YOU to take more of this person's money?

#16 | Posted by fishpaw

Another ungrateful ignorant moron who not only doesn't appreciate what society does for him, he doesn't even see it.

How are your customers going to get to your lemonade stand without roads? How are you not going to get robbed without police? How are you going to get non-toxic water for your lemonade without regulations?

#28 | Posted by SpeakSoftly at 2018-07-13 01:46 PM | Reply | Newsworthy 1

#16

It's pretty simple, when taxes aren't high enough to maintain the road the lemonade stand is on then the stand owner should pay more, if taxes aren't high enough to pay for the schooling of the next generation of lemonade stand operators the stand owner should pay more.

Taxes should be high enough to provide the next generation with the same, or better, benefits of the generation paying the taxes. If the infrastructure is crumbling and the schools are failing and college costs more than the down payment on a house then the tax paying generation is not paying for what they received themselves.

#29 | Posted by TaoWarrior at 2018-07-13 01:54 PM | Reply | Newsworthy 3

Those who benefit the most from our society should have to pay the most to maintain and strengthen it it. Is that simple enough for you? - #26 | Posted by Whatsleft at 2018-07-13 01:34 PM

The people saved from starvation and death from lack of medical help should have to pay the most? It's an interesting premise.

#30 | Posted by Avigdore at 2018-07-13 01:55 PM | Reply

So how did society help enough for YOU to take more of this person's money?

#16 | Posted by fishpaw

Who is this YOU the YOU are referring to?

Our government of the People by the People and for the People?

Taxes go up because things cost more now. Make our costs go down and taxes will go down. After we pay of the huge debt we have accumulated, of course.

If society did not exist or was not held stable by our governments you could not run your lemonade stand. Not without some kind of protection. Which would also cost you.

#31 | Posted by donnerboy at 2018-07-13 02:05 PM | Reply | Newsworthy 1

"The people saved from starvation and death from lack of medical help should have to pay the most?"

He said the people that benefit the most from society, not the people that benefit the most from medical and nutritional intervention.

But you knew that, and chose to deliberately mischaracterize his remarks. That's pretty much all you do around here. Why is that, Avigdore?

#32 | Posted by snoofy at 2018-07-13 02:16 PM | Reply

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