Last edited by dontworrybehappy; 06-30-11 at 12:56 PM.
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
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
Last edited by The Prof; 06-30-11 at 01:18 PM.
bloomberg's take: Corporate Jet Tax Gets Six Obama Mentions, $3 Billion Estimate - Bloomberg
on the other hand: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.
obama has no idea what he's doing“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.
get to work?
McConnell invites Obama to Capitol - WBOC-TV 16, Delmarvas News Leader, FOX 21 -
White House snubs McConnell invitation to Obama | Reuters
not a conversation worth having?
what would sasha say?