Written by Leslie Taylor
Yes, it will be a form of income.
But something seems grossly unjust about the notion that direct aid being provided by the federal government to fishermen as part of a national fisheries economic disaster package may be taxable — beginning with the idea of these working businessmen having to funnel a hefty chunk of the money they are due right back to the same government that put them in this bind in the first place.
So while it is likely too late for congressional lawmakers to rectify this latest insult to fishermen, they should already be considering the need to specify the words “tax free” in any similar aid bill they will be putting through next year. And make no mistake — the delays in providing the long-overdue aid need to the fishing industry this year, coupled with potential new cod limit cuts and a failure to address the need for changes in the regulatory framework of the federal Magnuson-Stevens Act are already ensuring that another significant aid package will be needed to keep this industry afloat through 2015.
Read the full story at the Gloucester Times>>
Want to read more about federal disaster aid? Click here...
National Fisherman Live: 3/10/15
In this episode, Online Editor Leslie Taylor talks with Mike McLouglin, vice president of Dunlop Industrial and Protective Footwear.
National Fisherman Live: 2/24/15
In this episode:
March date set for disaster aid dispersal
Oregon LNG project could disrupt fishing
NOAA tweaks gear marking requirement
N.C. launches first commercial/recreational dock
Spiny lobster traps limits not well received
Commercial salmon fishermen will have 12 hours to fish Oregon's lower Columbia River, starting at 7 p.m. tonight.
Biologists upgraded their forecast for the summer king run to 120,000, the largest since at least 1960.Read more...
Newburyport, Mass. - The Northeast Consortium, a University of New Hampshire-based institution established in 1999 to foster collaborative research, under contract to the New England Fishery Management Council, announces funding for three new research projects that will focus on spawning groundfish in waters off the New England coast.Read more...