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Thread: Eric Cantor and Private Jet Tax Breaks

  1. #11
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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by Objective Voice View Post
    From the article GPS_Flex linked to:



    So, unless this tax break was extended or there's a similar tax break pertaining to the purchase (or use) of corporate jets, the tax break should have expired in 2009 anyway.
    I didn't even see that part. Fact of the matter is there are quite a few tax havens, loopholes, etc inside and outside the US that have been caused by all sides of the political spectrum that need plugged up. Eric Cantor saying 3 billion isn't ****, is seriously pretty silly. If there is 3 billion to be had then hell have it.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by Deuce View Post
    Republicans told us tax breaks would create jobs...
    So I guess it's considered a successful program now if we don't want to get rid of it?
    Are you referring to the stimulus when you say “program”?

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
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    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

  3. #13
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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by JohnWOlin View Post
    I'm sure he certainly does as the economy is stable enough that the foundation can't crumble, let's build the rest of the house. I also question that this is something the Democrats cooked up 2 years ago and no so much an extension of something that has been there since 2001 as the article suggest.
    You might be the only person in America who thinks the economy is stable enough to start shedding jobs.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
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    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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    Re: Eric Cantor and Private Jet Tax Breaks

    To get a stimulus bill passed Obama had to agree to Republican desires for stimulus. "This is exactly the type of financial incentive that should be included in a stimulus bill," said Rep. Todd Tiahrt, R-Kan., in an interview. His state lost at least 6,900 jobs at Cessna and Hawker Beechcraft, both based in Wichita.

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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by Objective Voice View Post
    From the article GPS_Flex linked to:



    So, unless this tax break was extended or there's a similar tax break pertaining to the purchase (or use) of corporate jets, the tax break should have expired in 2009 anyway.
    You do realize that the Bush tax cuts became the Obama tax cuts when he signed them into law right?

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

  6. #16
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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by dontworrybehappy View Post
    So Obama calls people who make 250G a year or more "private jet" people. Lets analyize this.

    The cheapest "private jet" made today:



    That jet costs 2.65 million dollars and holds a grand total of 4-5 people.

    The "private jet" Obama uses:



    And he doesn't use 1, he uses 2. And uses them on the taxpayer dime.

    I think its about time for Obama to shut the **** up.
    I don't believe once he specifically said any income group just the tax incentive in general should go.
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by GPS_Flex View Post
    You might be the only person in America who thinks the economy is stable enough to start shedding jobs.

    Lol how is getting rid of this tax incentive going to shed jobs?
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by GPS_Flex View Post
    You do realize that the Bush tax cuts became the Obama tax cuts when he signed them into law right?
    You also know then that Obama did that as part of compromise (I can give you the definition seems very few know what that is anymore) and said when the time was right they would revisit the 250k+ tax cuts?
    "We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan

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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by JohnWOlin View Post
    Lol how is getting rid of this tax incentive going to shed jobs?
    If it was going to “create or save jobs” as a part of the stimulus package it is only reasonable to assume that it will stop saving or creating those jobs when it is disposed of right?

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by Objective Voice View Post
    From the article GPS_Flex linked to:

    So, unless this tax break was extended or there's a similar tax break pertaining to the purchase (or use) of corporate jets, the tax break should have expired in 2009 anyway.
    I don't know if this tax break was extended. It is very easy to add an extension to any bill. Note, again it appears that this tax break was pushed for by a Republican. If I was in Obama's position I would have accepted it to get the rest of my stimulus package passed.

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