Quantum Windbag
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- May 9, 2010
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Listening to the White House, youd 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 were doing this, asking you to sacrifice, but were not saying that corporate jet owners should lose their special tax incentive.
On Wednesday, Carney summed up the Republican position this way: Wed 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 dont want to do is give somebody whos 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 doesnt touch corporate jets.
We asked Carney if the White House is upset that the Senate Democrats plan protects corporate jets. His answer:
Our position in the presidents plan that has been available for ages but republicans and some reporters pretend doesnt exist is that the corporate jet loophole should be eliminated. Wed be fine if it were eliminated as part of the revenue component of a sequester buy-down or as part of broader tax reform in a bigger balanced deficit reduction deal. Either way. And either way, Republicans oppose it, and would rather see sequester hit than ask corporate jet owners to give up their special tax break. How is that not true?
Senate Democrats Protect Corporate Jet Loophole - ABC News