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Walz introduces bill to end tax breaks for luxury yacht owners

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By Andy Birkey | 05.04.11 | 9:09 am

Rep. Tim Walz introduced legislation on Tuesday that would end tax subsidies for luxury yachts. The IRS provides breaks for taxpayers who own yachts that have kitchens and bathrooms and therefore could qualify as a residence — even if the taxpayers don’t live there full time.

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DFL hits Emmer on his seven mortgages in eight years

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By Andy Birkey | 10.21.10 | 1:15 pm

DFL chair Brian Melendez questioned the finances of Republican gubernatorial candidate Tom Emmer at a press conference on Thursday. According to public documents, Emmer has taken out seven separate mortgages on his Delano home for a total value of $1.6 million. Melendez said the DFL is raising the issue because Emmer frequently uses the phrase “live within your means” on the campaign trail.

Franken homeowner amendment passes Senate

By Andy Birkey | 06.17.10 | 8:26 am

The U.S. Senate approved an amendment sponsored by Sen. Al Franken that would create an office to investigate complaints by homeowners who believe their mortgage handlers are breaking the law. The amendment would create an Office of the Homeowner…

Franken wants to create mortgage watchdog office

By Andy Birkey | 05.10.10 | 7:45 am

Sen. Al Franken is pushing an amendment to the financial reform bill that would create an office to investigate complaints by homeowners who believe their mortgage handlers are breaking the law.…

Abandonment issues: North Minneapolis dealt another blow

By Molly Priesmeyer | 03.14.08 | 9:47 am

It’s no secret that North Minneapolis has been hit harder by the mortgage meltdown than any place in Minnesota. While no neighborhood is immune to the housing crisis — million-dollar downtown condos are seeing foreclosures, and so…

Tiptoe Through the Tulips

By Jeff Fecke | 03.19.07 | 10:18 am

meThere once was a time when a flower cost the equivalent of seven years’ salary. 

In this case the flower was a tulip, which was introduced to Europe in the 16th century. Now, tulips are lovely, and…