GOP House Rep Bought Yacht On Very Day He Saved Millions On His Taxes With Passage Of GOP Tax Bill

Florida Politics reports:

A recently filed financial disclosure shows U.S. Rep. Vern Buchanan celebrated the Republican Party’s successful push for tax reform 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 in favor of the “Tax Cuts and Jobs Act.”

While the tax plan was pitched as helping the middle class, it does so only minimally and temporarily if at all. For the nation’s highest earners and for corporations, however, it was a magnanimous change in policy. While the tax plan was pitched as helping the middle class, it does so only minimally and temporarily if at all. For the nation’s highest earners and for corporations, however, it was a magnanimous change in policy. 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.

The article also notes that Buchanan fails to mention his party affiliation in his latest 2018 reelection ads.