Overview

• Senate Finance Committee investigates billionaire Harlan Crow's tax deductions for his yacht, used for vacations by Supreme Court Justice Clarence Thomas.
• Evidence suggests Crow misrepresented the yacht as a business venture to the IRS, despite it being registered as a pleasure vessel.
• Crow's company reported millions in business tax deductions on the yacht, which was not chartered or registered as a commercial vessel.
• Senate's inquiry casts doubt on the validity of the yacht's tax deductions, highlighting potential misuse of tax laws.
• Crow defends his tax practices, stating compliance with tax law in good faith, amid ongoing congressional scrutiny.