This GOP Lawmaker Spent Millions on a Luxury Yacht Just as He Was Voting for the Massive Republican Tax Cut

In a move straight out of a cartoonish caricature of a Republican Lawmaker, Rep. Vernon Buchanan (R-FL) bought a luxury yacht on the exact same day that he voted for the GOP tax bill in November 2017, a new disclosure first reported by Florida Politics revealed.


Buchanan spent between $1 million and $5 million on the boat, according to the documents. The Hill reports that the company that sells the yacht, Ocean Alexander, doesn't sell anything for less than $3.25 million.

The brazen purchase reveals the stark contrast between the sales pitch Republicans gave for the tax bill and reality.

"While the tax plan was pitched as helping the middle class, it does so only minimally and temporarily if at all. For the nation’s highest earners and for corporations, however, it was a magnanimous change in policy," wrote Drew Wilson for Florida Politics. "Count Buchanan among those benefitting bigly."

Maybe he just thought nobody would notice?

A spokesman for the lawmaker told Florida Politics that the news of the yacht — which, again, was revealed in a financial disclosure form filed by the candidate himself — was a "coordinated attack."

The spokesman also noted that Buchanan has owed boats for decades. It's not clear if his constituents should find it comforting that the tax bill doesn't seem to have inspired him to buy his first yacht, but just one more of many.

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.