Taxable Talk

From Russ Fox, E.A., of Clayton Financial and Tax of Irvine, CA
All items below are for information only and are not meant as tax advice.
Please consult your own tax advisor to see how each item impacts your own situation.
Pork Aid
According to this story, Louisiana's senators have asked for $250 billion in aid solely for the state of Louisiana. That's an interesting number given that current estimate of damage is $200 billion. The proposed relief package includes obvious pork, such as $5 million for a Louisiana hurricane forecast center at LSU, and $160 million to create a "federal city" in New Orleans.

Personally, I'd like to see most of the pork spending in the recently passed highway bill returned to the federal government to pay for relief. I doubt that will happen.

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  1. Pork Aid
  2. Pork