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Obama Calls People Earning $250,000 a Year ‘Jet Owners’
Posted By admin On June 29, 2011 @ 2:10 pm In Featured Stories | Comments Disabled
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. 
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URL to article: http://www.prisonplanet.com/obama-calls-people-earning-250000-a-year-%e2%80%98jet-owners%e2%80%99.html
URLs in this post:
 WSJ: http://blogs.wsj.com/wealth/2011/06/29/obama-calls-people-earning-250000-a-year-jet-owners/
 FLASHBACK: AP: Stimulus includes tax break to promote private jet sales: http://washingtonexaminer.com/blogs/beltway-confidential/2011/06/flashback-ap-stimulus-includes-tax-break-promote-private-jet-sale
 Image: http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM375/PR
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