ran 2.5 miles
Today ends week forty-four of running against Obama. I ran 23.2 miles this week, averaging 3.31 miles per day.
In an article by Peter Wehner, “Obama Cannot Escape Bitter Fruits of His Policies”, Wehner (not to be confused with Weiner) points out the ineffectual rhetoric Obama continues to spew during these weeks leading up to the monumental decision of what to do about our debt.
Barack Obama mentioned eliminating a tax loophole for corporate jets six separate times in a press conference last week as though a nearly insignificant act like that would save student loans, food safety, weather services, and hundreds of other threatened programs. And it is worth mentioning that in Obama’s stimulus package, there was a tax break that encouraged corporations to purchase private jets.
Glenn Kessler of the Washington Post looked into Obama’s claims and discovered that in the realm of a $4 trillion goal, the revenue that would be raised with Obama’s corporate jet plan would be $3 billion over ten years while student loans in 2011, alone, cost roughly $42 billlion.
Kessler findings, “So the corporate jet loophole — which involves the fact that such assets can be depreciated over five years, rather than the seven for commercial jets — just is not going to raise a lot of money. It certainly wouldn’t save many student loans.”
Barack Obama’s idea to end a tax break for corporate jet owners would gather less than one-tenth of one percent of what he is aiming for to reduce the federal deficit.
Wehner ended the article by stating that Obama’s most memorable theme in his press conference last week, ending a tax break for commercial jet owners, was “comparable to trying to dig a tunnel with a teaspoon”.
1,167.0 miles to go.
Today ends week forty-four of running against Obama. I ran 23.2 miles this week, averaging 3.31 miles per day.
In an article by Peter Wehner, “Obama Cannot Escape Bitter Fruits of His Policies”, Wehner (not to be confused with Weiner) points out the ineffectual rhetoric Obama continues to spew during these weeks leading up to the monumental decision of what to do about our debt.
Barack Obama mentioned eliminating a tax loophole for corporate jets six separate times in a press conference last week as though a nearly insignificant act like that would save student loans, food safety, weather services, and hundreds of other threatened programs. And it is worth mentioning that in Obama’s stimulus package, there was a tax break that encouraged corporations to purchase private jets.
Glenn Kessler of the Washington Post looked into Obama’s claims and discovered that in the realm of a $4 trillion goal, the revenue that would be raised with Obama’s corporate jet plan would be $3 billion over ten years while student loans in 2011, alone, cost roughly $42 billlion.
Kessler findings, “So the corporate jet loophole — which involves the fact that such assets can be depreciated over five years, rather than the seven for commercial jets — just is not going to raise a lot of money. It certainly wouldn’t save many student loans.”
Barack Obama’s idea to end a tax break for corporate jet owners would gather less than one-tenth of one percent of what he is aiming for to reduce the federal deficit.
Wehner ended the article by stating that Obama’s most memorable theme in his press conference last week, ending a tax break for commercial jet owners, was “comparable to trying to dig a tunnel with a teaspoon”.
1,167.0 miles to go.
I heard the Obama himself signed the corporate jet tax break into law as part of his stimulus package.
ReplyDeleteYes he did. Typical double-speak from Washington. They assume we are stupid and have the memories of goldfish. In recent news many CEO's who took advantage of the corporate jet tax break have expressed how jaded they feel with Obama's flip-flop. Corporate America at large is fed up with America's course. The money and the jobs are out there but those who possess the power to invest and hire are sitting on their thumbs until something starts to make sense in this country.
ReplyDelete