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NBAA Letter Challenges President's Mischaracterizations Of BizAv
NBAA president and CEO Ed Bolen has sent an open letter to President Barack Obama to question the president’s decision to mischaracterize business aviation during his Oct. 3 debate with Republican Mitt Romney. (www.aero-news.net) Más...Sort type: [Top] [Newest]
Obama. Is pandering to the 47% vs. the "fat cats" who pay the way for the 47%!!!
President Obama again showed his ignorance of the economy!!!
All this from an idiot who gets to fly in the ultimate corporate jet. But, when you are a socialist, you demonize and denigrate anyone who has a penny more than you do instead of working harder to earn more pennies.
Socialist have a problem with earning a living using your own initiative. Their sense of entitlement just gets broader. Their motto "Where's mine"
Wall St. has a problem paying for matters, they want privatise the profits but nationalise the losses
This is not about tax itself nor about tax on fuel, it is about depreciation of planes. Business jets at present can be written off for tax much faster than usual, so allowing their owners/users to pay less tax. All Obama wants is that the depreciation table for such planes is changed to the normal figures, so eliminating their present favourite tax regime.
But of course, Wall St believes governments and tax is bad, of course not when they go bancrupt, then of course they want to be saved and favoured...
This is not about tax itself nor about tax on fuel, it is about depreciation of planes. Business jets at present can be written off for tax much faster than usual, so allowing their owners/users to pay less tax. All Obama wants is that the depreciation table for such planes is changed to the normal figures, so eliminating their present favourite tax regime.
But of course, Wall St believes governments and tax is bad, of course not when they go bancrupt, then of course they want to be saved and favoured...
so get rid of ALL business write offs...Then see what happens to the economy.
The problem here is not eliminating the write off. It is the demonizing the very existence of the aircraft and those that employ them.
The problem here is not eliminating the write off. It is the demonizing the very existence of the aircraft and those that employ them.
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I have red the rebuttals, and the media's rendition, but I take anything in the mainstream media with a grain of salt, probably even a larger grain of salt than what Politicians say.
I hope the Pres took into account how many Jobs are created in the economy by Business Aviation.