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.
So naive, if your premise were true the Dems would put closing the corporate jet loophole in the bill and force the Repubs to amend the bill removing the loophole. Then the Dems could claim they tried to close the loophole but the repubs killed it at the behest of their corporate masters. Face facts the Dems are no better than the repubs when it comes to doing the bidding of deep pockets.
Does anyone really understand what this so called "loophole" really is about? It is changing the depreciation from 7 years to 5 years. The entire Treasury depreciation schedule for business capital expenditures has been politicized with special accelerations by congress, they shouldn't be doing any of this BS. Let the Treasury define the schedule based on useful life of the equipment. This is political cherry-picking.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
LOL wrote: Does anyone really understand what this so called "loophole" really is about? It is changing the depreciation from 7 years to 5 years. The entire Treasury depreciation schedule for business capital expenditures has been politicized with special accelerations by congress, they shouldn't be doing any of this BS. Let the Treasury define the schedule based on useful life of the equipment. This is political cherry-picking.
Here you go
Even if the Senate plan did end the tax break for private jets, it wouldn’t make much of a difference. The tax break – which allows the owners of private jets to depreciate their airplanes over five years instead of the standard seven years for commercial airplanes – would raise less than $300 million a year. That’s a tiny fraction of the $85 billion in across-the-board cuts scheduled to go into effect this year.
LOL wrote: Does anyone really understand what this so called "loophole" really is about? It is changing the depreciation from 7 years to 5 years. The entire Treasury depreciation schedule for business capital expenditures has been politicized with special accelerations by congress, they shouldn't be doing any of this BS. Let the Treasury define the schedule based on useful life of the equipment. This is political cherry-picking.
Here you go
Even if the Senate plan did end the tax break for private jets, it wouldn’t make much of a difference. The tax break – which allows the owners of private jets to depreciate their airplanes over five years instead of the standard seven years for commercial airplanes – would raise less than $300 million a year. That’s a tiny fraction of the $85 billion in across-the-board cuts scheduled to go into effect this year.
WASHINGTON — A group of Democratic lawmakers, led by Rep. Linda Sanchez of California is launching an effort to secure money for gun buybacks, firearms safety campaigns and anti-violence programs from a new tax on handgun purchases.
Sanchez unveiled the bill, which would impose a 10% tax on handgun purchases, Thursday at Los Angeles County Sheriff’s headquarters in Monterey Park.
All good things start in CA... right?
The left is angry because they are now being judged by the content of their character and not by the color of their skin.
if your premise were true the Dems would put closing the corporate jet loophole in the bill and force the Repubs to amend the bill removing the loophole. Then the Dems could claim they tried to close the loophole but the repubs killed it at the behest of their corporate masters. Face facts the Dems are no better than the repubs when it comes to doing the bidding of deep pockets.
