Unless I’m wrong Barry is the one who initiated the jet owners tax breaks so he could have more shovel ready jobs in small jet manufacturing. I hope somebody at Fox brings that little jewel to light tonight.
Obama Blasts Private Jet Tax Breaks Created by His Own StimulusBut the corporate jet tax break to which Obama was referring – called “accelerated depreciation,” and a popular Democratic foil of late – was created by his own stimulus package.
Proponents of the tax break lauded it as a means to spur economic activity by encouraging purchases of large manufactured goods (planes). So the president’s statement today – and his call to repeal that tax break generally – is either a tacit admission that the stimulus included projects that did not, in fact, stimulate the economy, or an attempt to “soak the rich” without regard for the policy’s effects on the economy.
Scribe - Bluey Reports; author: Lachlan Markay