IRA STOLL
At the time there were tax breaks for large yachts but not for small boats that a middle class person might own. It was another example of the tax laws at the time where the poor paid only Social Security taxes, and the rich lobbied for an got very large tax breaks and subsidies and hence the burden was carried by an increasingly stressed middle class and by cuts in services to the needy. The companies that made the yachts also supported the tax breaks as did the unions and workers in the industry. See {624985}. .
Ira Stoll (born 1972) is managing editor of Education Next, an education policy journal based at the Harvard Kennedy School. He is editor of FutureOfCapitalism.com, a columnist for the Algemeiner, and he writes a column that appears at The New York Sun, Reason, Newsmax, the New Boston Post, and the Las Vegas Review-Journal. He was vice president and managing editor of the daily newspaper, The New York Sun, which was published from 2002 to 2008. He founded Smartertimes.com. Previously, he served as Washington correspondent and managing editor of The Forward and as North American editor of the Jerusalem Post. He is a graduate of Worcester Academy and Harvard University, where he graduated from in 1994 and served as president of the Crimson.
