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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

Robert Frank
WSJ [1]
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. [1]

FLASHBACK: AP: Stimulus includes tax break to promote private jet sales [2]

Obama Calls People Earning $250,000 a Year ‘Jet Owners’ 030511banner3 [3]

Stock up with Fresh Food that lasts with eFoodsDirect (AD) [4]

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URLs in this post:

[1] WSJ: http://blogs.wsj.com/wealth/2011/06/29/obama-calls-people-earning-250000-a-year-jet-owners/

[2] 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

[3] Image: http://www.stansberryresearch.com/pro/1103PSIEOAVD/PPSIM375/PR

[4] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

[5] Darling’s class war pre-budget hammers everyone earning over £20,000 with 1% NI Tax increase: http://www.prisonplanet.com/darlings-class-war-pre-budget-hammers-everyone-earning-over-20000-with-1-ni-tax-increase.html

[6] New NRA leader says Obama seeks ‘revenge’ on gun owners: http://www.prisonplanet.com/new-nra-leader-says-obama-seeks-revenge-on-gun-owners.html

[7] 55 percent of small business owners would not start company today, blame Obama: http://www.prisonplanet.com/55-percent-of-small-business-owners-would-not-start-company-today-blame-obama.html

[8] NY Times Calls Gun Owners of America an “Upstart”: http://www.prisonplanet.com/ny-times-calls-gun-owners-of-america-an-%e2%80%9cupstart%e2%80%9d.html

[9] President Obama calls African-Americans a ‘mongrel people’: http://www.prisonplanet.com/president-obama-calls-african-americans-a-%e2%80%98mongrel-people%e2%80%99.html

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