I didn’t watch his press conference today, but I’m told Barack Obama scolded Republicans for allegedly wanting a tax break for corporate planes. It’s part of his class warfare campaign strategy.
Interesting to note, however: It was Barack Obama’s beloved $787 billion stimulus legislation that rewarded private jet purchases. This is the same legislation he consistently brags about having passed.
Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own planes.
The incentive — first used to help plane makers recover from the 2001 terror attacks — sharply reduces the up front tax bill for companies who buy assets like business planes.
Those darn Republicans using economic stimulation as an excuse to reward private jet manufacturers.
Wait, did I say “Republicans”? I meant Barack Obama and his Democratic allies in Congress.


by Stephan Tawney on June 29, 2011