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Obama Calls People Earning $250,000 a Year ‘Jet Owners’

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Robert Frank
WSJ
Wednesday, June 29, 2011

President Obama has a new term for the people he wants to tax more: jet owners.

In his news conference today, the president said: “I think it’s only fair to ask an oil company or a corporate jet owner that’s doing so well to give up that tax break….I don’t think that’s real radical.”

Asking private-jet owners to give up tax breaks may not be that radical. And it probably would be supported by the vast majority of the nonjet-owning voters.

The problem is that most of the people that would be subject to the higher taxes the president wants aren’t likely to be private-jet owners. Someone earning $250,000 a year–among those scheduled for a tax increase in 2012–is unlikely to afford a jet–or even a few charter trips on a jet.

Full story here.

FLASHBACK: AP: Stimulus includes tax break to promote private jet sales

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This article was posted: Wednesday, June 29, 2011 at 2:10 pm





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