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ABC NewsListening to the White House, you’d think the key to averting the across-the-board spending cuts (the dreaded “sequester”) set to in place on March 1 is closing the tax break for owners of private jets.
Here was White House Press Secretary Jay Carney last week:
“How do you explain to a senior that we’re doing this, asking you to sacrifice, but we’re not saying that corporate jet owners should lose their special tax incentive.”
On Wednesday, Carney summed up the Republican position this way: “We’d rather see our national security undermined than corporate jet owners, God forbid, give up their tax break.”
And President Obama in an interview Wednesday with KAKE-TV in Wichita: “What we don’t want to do is give somebody who’s buying a corporate jet an extra tax break.”
Carney has brought up the corporate jet tax break at every single briefing this week.
Listening to the White House, you might think that the “balanced” Democratic plan to avert the spending cuts would close that loophole for private jets.
But you would be wrong.
The Senate Democratic plan – which has been endorsed by the White House and is, in fact, the only Democratic plan actively under consideration right now – doesn’t touch corporate jets.
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Then the pres' handlers need to give him a heads up. He is still using it as a campaign talking point.archer wrote: Of course the Democratic plan doesn't touch corporate jets.....they well know that a plan cutting the corporate jet loophole would never get a Republican vote.....how smart of them to give that little gift to Republicans in hope of getting a vote on the bigger deal.
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FredHayek wrote: Considering how much the country is in debt it might be better to set a good example and curtail needless spending.
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FredHayek wrote: Words are better than deeds, don't you realize that by now Grady?
(And maybe the Left is going to realize one day their reps have been bought too.)
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The Dems owned both the House and Senate in 2008 and they lowered taxes.archer wrote:
FredHayek wrote: Considering how much the country is in debt it might be better to set a good example and curtail needless spending.
Considering how much the country is in debt, it might be better to raise some more revenue by closing tax loopholes and raising some taxes.
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