Despite his promise of "No new taxes", in 1990 President George HW Bush signed a budget package that included a new Luxury Tax. This simple act, while necessary to get the budget approved, d... Read allDespite his promise of "No new taxes", in 1990 President George HW Bush signed a budget package that included a new Luxury Tax. This simple act, while necessary to get the budget approved, dealt a devastating blow to the US yacht building industry. Among those impacted by the new... Read allDespite his promise of "No new taxes", in 1990 President George HW Bush signed a budget package that included a new Luxury Tax. This simple act, while necessary to get the budget approved, dealt a devastating blow to the US yacht building industry. Among those impacted by the new tax were the employees of Viking Yachts in New Jersey. After the suicide of one of their ... Read all