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Thread: Eric Cantor and Private Jet Tax Breaks

  1. #51
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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by JohnWOlin View Post
    the economy is stable enough that the foundation can't crumble, let's build the rest of the house
    hardly

    CNBC: It's Official, Natl Homes Prices Double Dip

  2. #52
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    Re: Eric Cantor and Private Jet Tax Breaks


  3. #53
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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by GPS_Flex View Post
    You don’t know jack about what you are talking about.

    I’ll leave it at that.
    Back at you. What qualifications do you have to speak about what you speak?

    Mine: pilots license, aircraft mechanics license, 2 college degrees, 10+ years work in the aviation industry

    Yours: ????
    Last edited by dontworrybehappy; 06-30-11 at 02:56 PM.

  4. #54
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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by dontworrybehappy View Post
    The "private jet" Obama uses:

    nancy wants hers!

    Pentagon Rejects Speaker Pelosi's Request for Military Aircraft - ABC News

  5. #55
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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?
    they're the bush/obama/clinton/boehner/mcconnell tax cuts

    ie, if you're not aboard you're a splinter

    of course, that was the december obama

    the june obama is today in contention

    obama vs obama: On debt and Libya, it's President Obama vs. Senator Obama - The Washington Post

    the dude has no idea what he's doing

    tax corporate jets...

    get to work...

    my daughters do their homework...

    congress needs to LEAD

    pathetic

  6. #56
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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by OhIsee.Then View Post
    To get a stimulus bill passed Obama had to agree to Republican desires
    the bill passed with ZERO republicans in assent in the house and TWO (snowe and collins) upstairs

    live it, libs, love it, it's all YOURS

    Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME

    Obama: "No Such Thing as Shovel-Ready Projects" - Political Hotsheet - CBS News

    Romer and Bernstein on stimulus - NYTimes.com

  7. #57
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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by dontworrybehappy View Post
    1. Obama Calls People Earning $250,000 a Year ‘Jet Owners’ - The Wealth Report - WSJ
    2. I posted the cheapest new jet you could buy. I mean after all, does it really count if you buy a 40yo private jet?
    3. The POTUS doesn't need a ****ing 747 to make some ****ing phone calls. And he sure the **** doesn't need two.
    And I'm sure you were bitching about Air Force One when Bush was in office, right?

    Do you think the President should just fly coach on Southwest Airlines?

    And the second one is a decoy for security purposes (I know because an in-law of mine is the pilot on it).

  8. #58
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    Re: Eric Cantor and Private Jet Tax Breaks

    Quote Originally Posted by JohnWOlin View Post
    when the time was right they would revisit the 250k+ tax cuts
    LOL!

    when the time is right...

    it's 3 years since the party in power produced a budget in the united states senate---in times like these

    hurryup harry can email budget chair kent conrad anytime he wants

    i guess they're still waiting for that right time

    what would sasha and malia say?

    one thing, however, leadership is CERTAIN about---NO MORE ACCELERATED APPRECIATIONS FOR CORPORATE JETS!

    no, in times like these leadership is adamant---BACK TO THE SEVEN YEAR SCHEDULE!

    now there's some bold leadership fit for middle school vice president

    maybe even treasurer

    embarrassed yet?
    Last edited by The Prof; 06-30-11 at 03:18 PM.

  9. #59
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    Re: Eric Cantor and Private Jet Tax Breaks

    bloomberg's take: Corporate Jet Tax Gets Six Obama Mentions, $3 Billion Estimate - Bloomberg

    President Barack Obama’s proposal to end a tax break for corporate jet owners, a repeated refrain in his news conference yesterday, would achieve less than one-tenth of 1 percent of his target for reducing the federal deficit.

    Such a change would put $3 billion into the Treasury over a decade, said two congressional aides familiar with the proposal. Democrats want to require companies that use jets for business purposes to write off the cost over seven years, instead of five years allowed under current law, said a congressional aide and a White House aide.

    Obama mentioned the corporate jet break six times, criticizing Republicans’ unwillingness to include tax increases in legislation to raise the federal debt ceiling.
    on the other hand:

    “We’re obviously very upset that our industry is being singled out for what we view as political purposes,” said Pete Bunce, president of the Washington-based General Aviation Manufacturers Association. The group’s members include subsidiaries of General Electric, Boeing and Textron.

    Bunce noted that Obama was at an Alcoa plant in Bettendorf, Iowa on June 28 emphasizing the importance of the company’s products to airplane manufacturers.

    Now, Bunce said, “He’s going after a segment of the aviation industry that uses Alcoa’s products. We’re just scratching our heads.”

    Obama mentioned corporate jet owners along with oil companies and hedge fund managers as those who should pay more taxes, setting them in opposition to recipients of college scholarships and medical research grants who could lose benefits under Republican-sponsored budget cuts.

    Previous administration proposals to encourage business investment have benefited the aircraft industry. Under the tax law that Congress passed in December 2010, companies purchasing new equipment -- including jets -- can deduct the entire cost of equipment purchases in the first year instead of taking depreciation deductions over time.

    It seems to me that the tax policy here is all over the map,” said Gary Horowitz, an attorney at Wiley Rein LLP in McLean, Virginia.
    obama has no idea what he's doing

  10. #60
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    Re: Eric Cantor and Private Jet Tax Breaks


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