But regardless of what he did, your side pushed for them claiming that tax cuts would create jobs, that they'd stimulate job growth. Well?
Are you now saying his decision to extend them was wrong?
Last edited by Objective Voice; 06-30-11 at 02:11 PM.
Last edited by dontworrybehappy; 06-30-11 at 02:11 PM.
3 weeks ago wapo's factchecker gave obama 3 pinocchios for his "misrepresentations" concerning the auto "rescue"
President Obama's phony accounting on the auto industry bailout - The Fact Checker - The Washington Post
note how the slasher since then has dropped the auto bailout stump pitch
today, wapo's factchecker is back at it:
The missing facts in President Obama's news conference - The Fact Checker - The Washington PostThe Pinocchio Test
We realize the symbolic value of things like corporate jets, particularly when Republicans appear to be refusing to accept even a single dollar of additional revenue, but Obama is misleading when he suggests that closing this loophole would make much of a dent in the federal budget. He also should make clear that he would like to raise taxes on people making more than $250,000, rather than just “millionaires and billionaires.”
The president’s claim of an “unprecedented” effort to trim federal regulations is laughable. And it would be nice to hear Obama acknowledge for once that, until a few months ago, his administration was eager to do business with Gaddafi.
Rating: Two Pinocchios
i'm afraid your press corps is completely onto this poser on pennsylvania ave
party on, progressives
Bottom line: If companies don't find it economically sound to buy another corporate jet, they're not going to buy them - period! Whether they have a tax break on the purchase or not.
Last edited by Objective Voice; 06-30-11 at 02:24 PM.
Medicare and caid and SS are all mandates, and those things are under the gun. If you don't think an operating cost of 20g's an hour to fly around one man and his onterage is excessive, you really ARE a liberal.
Corporate Jet Tax Gets Six Obama Mentions, Nicks Deficit - BloombergHorowitz and other attorneys who advise companies on airline purchases said the proposed change would affect business decisions about when to buy aircraft. The change could cause companies to delay purchases or buy smaller planes than they would have purchased otherwise.
The difference in depreciation schedules is a longstanding feature of the tax code.
“I’ve been doing this for a long time and that’s been in the code as long as I can remember,” said Harry Ekblom, a partner at Sullivan & Worcester LLP in Boston.
As part of the 1986 overhaul of the tax code, Congress incorporated the depreciation schedules into the new law and gave the Treasury Department the ability to change the “class life” of assets that would “reasonably reflect the anticipated useful life,” according to the law.
That portion of the law was scheduled to take effect in 1992. Congress repealed it in 1988, preventing the Treasury Department and the Internal Revenue Service from changing the rules.