G
Guns Guns Guns
Guest
House Speaker John A. Boehner of Ohio said that “tax reform should include closing loopholes — not for purposes of bringing more money to the government, but because it’s the right thing to do.” But he did not offer any specifics...
Senator Mitch McConnell continues to defend the 2008 break he wrangled for the owners of thoroughbred racehorses.
That measure allows the owners to accelerate the depreciation of their horses — something Mr. McConnell says he considers vital...
McConnell’s spokesman, Don Stewart, said the senator continued to support the benefit as a matter of fairness, saying that it brings “horses in line with all other depreciation rather than creating a new loophole.”
Horse owners have certainly appreciated the gesture.
The National Thoroughbred Racing Association told its members in a Web video that the break would allow them to write off not only the cost of newly purchased horses, but also the costs of tractors and other farm equipment that were used to raise them.
“Clearly,” Joe Bacigalupo, an executive with the horse-racing group, said in the video, “2011 is a great year to invest.”
http://www.ntra.com/videos/index/view/OTg0
http://www.nytimes.com/2011/10/03/u...an-agree-what-they-are.html?pagewanted=2&_r=1
Senator Mitch McConnell continues to defend the 2008 break he wrangled for the owners of thoroughbred racehorses.
That measure allows the owners to accelerate the depreciation of their horses — something Mr. McConnell says he considers vital...
McConnell’s spokesman, Don Stewart, said the senator continued to support the benefit as a matter of fairness, saying that it brings “horses in line with all other depreciation rather than creating a new loophole.”
Horse owners have certainly appreciated the gesture.
The National Thoroughbred Racing Association told its members in a Web video that the break would allow them to write off not only the cost of newly purchased horses, but also the costs of tractors and other farm equipment that were used to raise them.
“Clearly,” Joe Bacigalupo, an executive with the horse-racing group, said in the video, “2011 is a great year to invest.”
http://www.ntra.com/videos/index/view/OTg0
http://www.nytimes.com/2011/10/03/u...an-agree-what-they-are.html?pagewanted=2&_r=1