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Thread: Eric Cantor and Private Jet Tax Breaks

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    Eric Cantor and Private Jet Tax Breaks

    So Obama had a press conference on taxes and the economy today. Obama mentioned as one example, an example obviously used to bait the Republicans and see how they would respond, getting rid of a corporate jet tax break. By a lot of estimates, it equals to around a paltry 2-3 billion dollars. However, if you consider a lot of the things Republicans want to cut and of course are supposed to be much more fiscally conservative, it can add up to quite a bit if you take away several dozen goofy tax breaks that really in the end benefit an incredibly small few people let alone private businesses. So you would think, "Man the Republicans would have to at least say hey that sounds fair, lets talk about getting rid of this silly stuff." That wasn't their response at all. Instead, according to Eric Cantor's office they refused any kind of "tax increases" and added that and get this, "2 billion really isn't that much anyways." lol o rly?

    So there you have it folks. I am 100% done listening to anything a mainstream Republican has to say when they can't even agree that an incredibly small fix to the tax code shouldn't be done.
    "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

    Obama was just sighting an example that is easy for people to understand. The republicans can‘t start because there are so many like this. And, true believers follow the book and are absolutists. But, keep listening so you can do a bit of research and be able to give answers and explanations.

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    Re: Eric Cantor and Private Jet Tax Breaks

    You do realize that the corporate jet tax break you refer to was passed without a single House Republican voting for it and was signed into law by Obama himself don’t you?

    LINK
    Last edited by GPS_Flex; 06-29-11 at 10:58 PM.

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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 corporate jet tax break you refer to was passed without a single House Republican voting for it and was signed into law by Obama himself don’t you?

    LINK
    Didn't read the whole article so I can't verify that that's what Obama was referring to but...

    Not really sure what your point is either way. That's when the economy was in an emergency state and we were trying to pump money and tax breaks into it in any way possible. Now we're dealing with our debt problem and Obama is proving that he's even willing to cut programs he has approved of in the past. Republicans are proving that they will do the opposite of whatever Obama is doing. They opposed it back then and support it now, is what you're saying?

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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 corporate jet tax break you refer to was passed without a single House Republican voting for it and was signed into law by Obama himself don’t you?

    LINK
    Very good, and now that Obama wants to do away with it, why not just be like ok?
    "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

    Well, the irony in this is that it was a part of the stimulus bill and was put in there by Democrats to help create jobs.

    I guess Obama doesn’t care about those jobs anymore.

    "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

    Quote Originally Posted by GPS_Flex View Post
    Well, the irony in this is that it was a part of the stimulus bill and was put in there by Democrats to help create jobs.

    I guess Obama doesn’t care about those jobs anymore.
    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.
    "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
    Well, the irony in this is that it was a part of the stimulus bill and was put in there by Democrats to help create jobs.

    I guess Obama doesn’t care about those jobs anymore.
    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?
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Eric Cantor and Private Jet Tax Breaks

    From the article GPS_Flex linked to:

    Companies will have to place orders by the end of 2009, and those planes will need to be delivered by the end of 2010 to take advantage of the tax benefit.
    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.

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    Re: Eric Cantor and Private Jet Tax Breaks

    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.

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