“If everybody else is willing to take on their sacred cows and do tough things to achieve the goal of real deficit reduction, then I think it would be hard for the Republicans to stand there and say the tax break for corporate jets is sufficiently important that we’re not willing to come to the table and get a deal done.’’A tax break for corporate jets? Why, that's insane! That must have been passed by the GOP Congress and signed by the evil Booooooshhhh!!!1!1 Barack Obama would never have signed off on something like THAT.
February 18, 2009 - Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own planes.So it was Obama and the Democrats who created tax breaks for private jets.
The incentive -- first used to help plane makers recover from the 2001 terror attacks -- sharply reduces the up front tax bill for companies who buy assets like business planes.
The aviation industry, which is cutting jobs as it suffers from declining shipments and canceled orders, hopes the tax break in the economic-stimulus bill just signed by President Barack Obama will persuade more companies to buy planes and snap a slump in general aviation that began last year.
Hmm. Well, you know, it was for the purpose of creating jobs! Keeping umemployment under 8%! So, we shouldn't criticize, right? I mean, look at how well that Stimulus Act worked out!
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