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So, this is rapidly breaking news here. As of right now, Assembly Members Price and Calderon abstained from voting on the yacht loophole fix. All other Dems voted yes, with Assembly Member Soto being out sick, we don't have the 41 votes necessary to fix the yacht loophole. What does it say if we can't get even this smallest of revenue fixes passed? As an aside, apparently Sen. Denham is taking this recall effort seriously. He voted against some of the spending cuts. Interesting. I'll update when I learn more. UPDATE: The Yacht Loophole has failed. Call Assembly members Curren Price ((916) 319-2051) and Chuck Calderon (Tel: (916) 319-2058) to "thank" them for not bothering to support closing this tax loophole. I wonder how many yachts are being delivered to Inglewood and City of Industry, respectively. Nice to see the Assembly members putting their constituents first. Contact them today to ask them why yachts are more important than education. Of course the Republicans all either voted no or abstained. It looks like Denham will vote to fix the yacht loophole, but without the Assembly support, it doesn't matter all that much. More updates as I get them.
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