Comments on: McConnell’s Farm Bill Priority: Tax Breaks For Thoroughbred Race Horse Owners http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/ Thu, 26 Nov 2009 15:42:10 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Margomac http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4962260 Margomac Thu, 15 May 2008 16:19:51 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4962260 This fool is a blight on the good people of KY! This fool is a blight on the good people of KY!

]]> By: Jess Wonderin http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4961484 Jess Wonderin Thu, 15 May 2008 05:52:31 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4961484 Millions for rich horse owners and buttkus for Veterans ???seems like the Republican Party KNOWS who pays the bills . . . Maybe we need to take a different approach and allow soldiers to be treated as assets like horses, allowing accelerated depreciation in combat - we could package Squads and Battalions like investment units (similar to mortgages) for investors, insured by the Government - losses are tax deductible in the year incurred, equipment and mantence too - and could be sold same as "carbon credits" - creating a vast new market - and tax the profits to provide scholarships (after 20 years service) -THERE - GI Bill fixed! Millions for rich horse owners and buttkus for Veterans ???seems like the Republican Party KNOWS who pays the bills . . .

Maybe we need to take a different approach and allow soldiers to be treated as assets like horses, allowing accelerated depreciation in combat – we could package Squads and Battalions like investment units (similar to mortgages) for investors, insured by the Government – losses are tax deductible in the year incurred, equipment and mantence too – and could be sold same as “carbon credits” – creating a vast new market – and tax the profits to provide scholarships (after 20 years service) -THERE – GI Bill fixed!

]]> By: christopher wiwi http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4961362 christopher wiwi Thu, 15 May 2008 05:22:19 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4961362 Good thing there`s transperancy these days.............. Good thing there`s transperancy these days…………..

]]> By: Evil Spaniard http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4960322 Evil Spaniard Wed, 14 May 2008 21:38:32 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4960322 <em>STL Cynic Says: “I never thought I’d be in line to defend Mitch McConnell, but this bill isn’t just random pandering to the rich. Kentucky’s two largest cities, Lexington and Louisville, have economies that depend heavily on horse breeding and racing. The tax administration in those two cities encourages the racing industry and is beneficial to their economies as a whole.”</em> Hello? XXI Century anyone? Two cities who rely only in breeding horses to survive? Maybe it's time for both to evolve in a full capitalist world and find some modern bussiness niche, who can survive without socialist handouts. Isn't this the Republican line of thinking? /(Not so) snarky STL Cynic Says:

“I never thought I’d be in line to defend Mitch McConnell, but this bill isn’t just random pandering to the rich. Kentucky’s two largest cities, Lexington and Louisville, have economies that depend heavily on horse breeding and racing. The tax administration in those two cities encourages the racing industry and is beneficial to their economies as a whole.”

Hello? XXI Century anyone? Two cities who rely only in breeding horses to survive? Maybe it’s time for both to evolve in a full capitalist world and find some modern bussiness niche, who can survive without socialist handouts. Isn’t this the Republican line of thinking?

/(Not so) snarky

]]> By: Evil Spaniard http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4960310 Evil Spaniard Wed, 14 May 2008 21:34:08 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4960310 <em>jay_severin_has_a_small_pen1s Says: an ammendment filed later excluded gay horses, horses that had abortions, and horses that bolted when asked to wear an American Flag blanket. May 14th, 2008 at 1:25 pm Recommend (3) | Report Abuse</em> Don't forget black horses jay_severin_has_a_small_pen1s Says:

an ammendment filed later excluded gay horses, horses that had abortions, and horses that bolted when asked to wear an American Flag blanket.

May 14th, 2008 at 1:25 pm Recommend (3) | Report Abuse

Don’t forget black horses

]]> By: Crusty Old Bastard http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959984 Crusty Old Bastard Wed, 14 May 2008 19:48:40 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959984 STL Cynic Says: "I never thought I’d be in line to defend Mitch McConnell, but this bill isn’t just random pandering to the rich. Kentucky’s two largest cities, Lexington and Louisville, have economies that depend heavily on horse breeding and racing. The tax administration in those two cities encourages the racing industry and is beneficial to their economies as a whole." Using this convoluted logic one could argue that giving a tax break to Donald Trump and Paris Hilton would be good for the economy of Reno and Las Vegas. You got your head someplace where the sun doesn't shine. STL Cynic Says:

“I never thought I’d be in line to defend Mitch McConnell, but this bill isn’t just random pandering to the rich. Kentucky’s two largest cities, Lexington and Louisville, have economies that depend heavily on horse breeding and racing. The tax administration in those two cities encourages the racing industry and is beneficial to their economies as a whole.”

Using this convoluted logic one could argue that giving a tax break to Donald Trump and Paris Hilton would be good for the economy of Reno and Las Vegas. You got your head someplace where the sun doesn’t shine.

]]> By: texaslady http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959940 texaslady Wed, 14 May 2008 19:33:11 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959940 So McConnell is so concerned about Kentucky's economy but gives a flying fig about tuition for our military. And the Bill states it will only affect the very wealthy. Trickle down theory at work again huh ? So McConnell is so concerned about Kentucky’s economy but gives a flying fig about tuition for our military. And the Bill states it will only affect the very wealthy. Trickle down theory at work again huh ?

]]> By: GeeDubs http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959774 GeeDubs Wed, 14 May 2008 18:41:27 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959774 Gosh, if Kentucky is so horsey, STL Cynic, then perhaps they should diversify their economy? Puleeze...we know who these tax breaks will go to, and it won't be the guy cleaning the shit out of the barn. Gosh, if Kentucky is so horsey, STL Cynic, then perhaps they should diversify their economy? Puleeze…we know who these tax breaks will go to, and it won’t be the guy cleaning the shit out of the barn.

]]> By: trollsbwild http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959680 trollsbwild Wed, 14 May 2008 18:17:19 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959680 <strong><em>SCUMBAG!</em></strong> SCUMBAG!

]]> By: STL Cynic http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959632 STL Cynic Wed, 14 May 2008 18:00:21 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959632 I never thought I'd be in line to defend Mitch McConnell, but this bill isn't just random pandering to the rich. Kentucky's two largest cities, Lexington and Louisville, have economies that depend heavily on horse breeding and racing. The tax administration in those two cities encourages the racing industry and is beneficial to their economies as a whole. McConnell is elected to represent their interests in the US Senate. It's not pandering to carry forward to a federal level those elements of a state tax program that would be beneficial to the citizens of Kentucky. I never thought I’d be in line to defend Mitch McConnell, but this bill isn’t just random pandering to the rich. Kentucky’s two largest cities, Lexington and Louisville, have economies that depend heavily on horse breeding and racing. The tax administration in those two cities encourages the racing industry and is beneficial to their economies as a whole.

McConnell is elected to represent their interests in the US Senate. It’s not pandering to carry forward to a federal level those elements of a state tax program that would be beneficial to the citizens of Kentucky.

]]> By: calloy http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959586 calloy Wed, 14 May 2008 17:49:30 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959586 what's next? tax breaks for people who lose a bundle at the track? someone slap the minority leader for me. what’s next? tax breaks for people who lose a bundle at the track? someone slap the minority leader for me.

]]> By: Red Pill http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959582 Red Pill Wed, 14 May 2008 17:47:05 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959582 I just want to stick a bike pump in McConnell's neck and inflate it until it POPS! Who's with me?? I just want to stick a bike pump in McConnell’s neck and inflate it until it POPS! Who’s with me??

]]> By: Crusty Old Bastard http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959564 Crusty Old Bastard Wed, 14 May 2008 17:41:00 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959564 This is another example of the misuse of our tax system by the greedy pols. Public Administration 101 stresses that the first and primary use of taxes is to insure that policy decisions are enforced not, repeat NOT, to generate income, and certainly not to confer favors on a select few. With the cost of bread and other foodstuffs skyrocketing because of the diversion of grain, etc. for the production of ethanol and animal feed the proper tax break should be given to the purchaser of bread and slapped to the max on such frivolous activities as steroid stuffing steeds. This is another example of the misuse of our tax system by the greedy pols. Public Administration 101 stresses that the first and primary use of taxes is to insure that policy decisions are enforced not, repeat NOT, to generate income, and certainly not to confer favors on a select few. With the cost of bread and other foodstuffs skyrocketing because of the diversion of grain, etc. for the production of ethanol and animal feed the proper tax break should be given to the purchaser of bread and slapped to the max on such frivolous activities as steroid stuffing steeds.

]]> By: ralph the wonder llama http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959560 ralph the wonder llama Wed, 14 May 2008 17:40:01 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959560 This sounds to me like it's dawning on McConnell that the Republican time in the sun is over (I know, he catches on slowly but, then, he IS a Republican) and that he'd better gather all the spoils for his peeps that he can before he and and his party are relegated to political Siberia for forty years. This sounds to me like it’s dawning on McConnell that the Republican time in the sun is over (I know, he catches on slowly but, then, he IS a Republican) and that he’d better gather all the spoils for his peeps that he can before he and and his party are relegated to political Siberia for forty years.

]]> By: 5th Estate http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959554 5th Estate Wed, 14 May 2008 17:37:57 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959554 So if I buy a horse for say $20,000 and maintain and train it for a year (at say $30,000) and race it and earn a million dolllars from it, then I can still not only claim the horse isn't worth more than $50,000 (the total investment) but that despite it earning me a $1million, it is actually a <em>liability</em>, not an asset? That's twisted genius! So if I buy a horse for say $20,000 and maintain and train it for a year (at say $30,000) and race it and earn a million dolllars from it, then I can still not only claim the horse isn’t worth more than $50,000 (the total investment) but that despite it earning me a $1million, it is actually a liability, not an asset?

That’s twisted genius!

]]> By: theswan http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959552 theswan Wed, 14 May 2008 17:36:46 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959552 And mitch's spokesperson says, "it's the largest agricultural product in Kentucky." Do Kentuckians really consume that much horse....? Or has Mitch just convinced them that they do? And mitch’s spokesperson says, “it’s the largest agricultural product in Kentucky.”
Do Kentuckians really consume that much horse….? Or has Mitch just convinced them that they do?

]]> By: texaslady http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959550 texaslady Wed, 14 May 2008 17:36:03 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959550 You have to give it to the repubs trying to squeeze out all the goodies before they are all kicked out of office. You have to give it to the repubs trying to squeeze out all the goodies before they are all kicked out of office.

]]> By: MCMetal http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959548 MCMetal Wed, 14 May 2008 17:35:58 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959548 <i>Oval12345678 aka James K. Sayre Says: -------------------------------------------------------------------------------- Horse racing is animal abuse. May 14th, 2008 at 1:29 pm </i> Especially when the jockey uses his whip , and these animals are now bred for <i>speed alone</i> , not strength ; that is why that poor filly broke her ankles during the last Kentucky Derby and had to be euthanized.......... Oval12345678 aka James K. Sayre Says:
——————————————————————————–

Horse racing is animal abuse.

May 14th, 2008 at 1:29 pm

Especially when the jockey uses his whip , and these animals are now bred for speed alone , not strength ; that is why that poor filly broke her ankles during the last Kentucky Derby and had to be euthanized……….

]]> By: Jeannie See http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959546 Jeannie See Wed, 14 May 2008 17:33:51 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959546 I wasn't aware that horses were depreciable assets. I wasn’t aware that horses were depreciable assets.

]]> By: Jeannie See http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/comment-page-1/#comment-4959538 Jeannie See Wed, 14 May 2008 17:32:13 +0000 http://thinkprogress.org/2008/05/14/mcconnells-farm-bill-priority-tax-breaks-for-thoroughbred-race-horse-owners/#comment-4959538 Speaking of needing some comedy, <a href="http://www.huffingtonpost.com/andy-borowitz/first-borowitz-report-vid_b_101687.html" rel="nofollow">Andy Horowitz</a> gives us a little bit. Speaking of needing some comedy, Andy Horowitz gives us a little bit.

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