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But McCain's complaint is not the first time Bush has been drawn into controversy regarding tax loopholes. A Dallas televison station, WFAA, and the Austin American-Statesman newspaper reported in 1995 that the Texas governor and a group of his wealthy Dallas friends were aided by a special break on local property taxes at a 1,100-acre retreat called the Rainbo Club in east Texas.
After the Rainbo Club, where Bush has a home, lost a tax exemption granted as a result of its claim that it operated a tree farm on the land, the group applied for a new break in 1991 on the grounds that the property was used for recreational purposes. As a result, Bush and his associates are taxed at one-eighth the rate of other property owners in the area, according to new reports at the time.
Bush, when he faced questions about the Rainbo Club four years ago, explained that the tax ''exemption is not targeted for a specific group of people. This is a set of laws that say we value land based upon its use. I pay whatever I am assessed.''
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http://graphics.boston.com/news/politics/campaign2000/news/McCain_says_Bush_ignores_loophole_issue+.shtml