Did You Know...

   

Did Obama Forget Those Private Jet Tax Breaks He Just Denounced Were Created By His Own Stimulus Plan?

Share
By Doug Powers  •  June 29, 2011 04:37 PM

**Written by Doug Powers

Before signing the stimulus bill (aka “Porkulus”) in February of 2009, White House Deputy Press Secretary Bill Burton said that, even though the president probably hadn’t read the entire 1,079 bill cover-to-cover, he knew it was okay to sign because he had “a team of the best legislative and economic experts in the country who advised him.”

Apparently Obama didn’t check with them before letting loose on private jet tax breaks at today’s press conference.

From the Heritage Foundation:

The chief economic culprit of President Obama’s Wednesday press conference was undoubtedly “corporate jets.” He mentioned them on at least six occasions, each time offering their owners as an example of a group that should be paying more in taxes.

“I think it’s only fair to ask an oil company or a corporate jet owner that has done so well,” the president stated at one point, “to give up that tax break that no other business enjoys.”

But the corporate jet tax break to which Obama was referring – called “accelerated depreciation,” and a popular Democratic foil of late – was created by his own stimulus package.

More background on that here.

“The stimulus is working as intended! Well, except for that part… and that part… and…”

**Written by Doug Powers

Twitter @ThePowersThatBeremember being

blog comments powered by Disqus
~ For the latest breaking news, be sure to join Michelle's Email List:

Obama: Economic patriotism means we rise or fall together

July 28, 2014 07:37 AM by Doug Powers

gypsy

Wherever we go, whatever we do…

Eleanor Holmes Norton vigorously defends Obama administration’s right to privacy

July 27, 2014 10:47 AM by Doug Powers

holmesnorton

Another Democrat sticks up for the ‘little people’

Speak-os, typos and wackos

July 26, 2014 11:47 AM by Doug Powers

thelmalouise

FACT: Obama boosts labor force participation rate

July 24, 2014 07:55 AM by Doug Powers

labor

War on women


Categories: Barack Obama, Campaign finance

Follow me on Twitter Follow me on Facebook