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H.R. 3367, The Virgin Islands Improvement Act of 2007 (13 comments ↓)
H.R. 3367 would amend the Internal Revenue Code of 1986 to assist in the recovery and development of the Virgin Islands by providing for a reduction in the tax imposed on distributions from certain retirement plans' assets which are invested for at least 30 years, subject to defined withdrawals, under a Virgin Islands investment program.
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Visitor Comments
j shanahan
Much overdue improvements for the VI---------------will be very effective in restructuring the islands
Waldo Flibber
Glad to see that some attention is being paid to the Virgin Islands-----------too long neglected
Gregg Peirlonnibe
MY wife just returned from the Islands. She thinks it will help a lot
cindy broen
nice to see we are finaly thinking of our close neighbors.
Bill Shanahan
Sounds like a good bill. I don't understand it all, but it will apparently raise money while relieving the US from total respomsibility
Phil Berg
This seems like a great way to help bail out our financially strapped posession without using our taxes - being funded through investment. Sounds like a winner that won't cost us!
RIDGEGOLF
SOUNDS LIKE A WIN WIN WIN. TAX GOEST TO TREASURY, INVESTORS GET TAX DEFERRAL, US VIRGIN ISLANDS GET PERMANANENT FUNDING FOR 30 YEARS. WHY WAIT FOR ANOTHER HURRICANE TO ACT?
mark posey
what a nice, cost effective way, to help a neighbor. no one gets hurt.
Charlie
Great idea that will do a lot of good
JAMES FLIBBER 11
As I see it, it is something that will assist the Virgin Islands to
make much needed improvements to infrastructure in a very cost effective way for the government --My wife and I are all for this type of fundingc
GERARD SHANAHAN
It seems to me that such a step would be very helpful for the Virgin Islands, without any tax costs
Phil
9800 earmarks on this last spending bill and no indication that this bill was among them? Is something wrong or are the updates slow in being recorded???
James
Congress needs to take more innovative approaches like this one to solving its uncontrolled overspending and overtaxing (really fleecing) the public that it's supposed to be protecting.