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Did you see Eric Cantor's response to Obama wanting to eliminate tax benefits on private jets?

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jenmito Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 02:19 PM
Original message
Did you see Eric Cantor's response to Obama wanting to eliminate tax benefits on private jets?
Martin Bashir just reported:

Eric Cantor on Obama wanting to close tax benefits on private jets said-"Well, that would only save $2 billion."

Yet at the same time, I remember Repubs. on defunding Planned Parenthood clinics saving only about $300 million saying-"You gotta start somewhere!"

Hypocrites.
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onenote Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 02:26 PM
Response to Original message
1. Then Cantor shouldn't have any problem supporting it
Since it can't hurt the rich too much if its "only" $2 billion.
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jenmito Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 02:28 PM
Response to Reply #1
2. Good point. n/t
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Safetykitten Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 02:29 PM
Response to Original message
3. He knows it will not happen, so it's just theatre.
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jenmito Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 02:49 PM
Response to Reply #3
5. Obama or Cantor? I'm guessing you mean Obama.
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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 02:38 PM
Response to Original message
4. Republicans, Grand Old Protectors of you know who...
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LiberalFighter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 05:01 PM
Response to Original message
6. They should compute how much more it would save
to the environment.
increasing the gas reserves or surplus.
make executives more efficient. (If that's possible)
lives or nerves with fewer planes in the skies.
make it more difficult for corrupt business execs in meeting up and committing crimes.
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ChrisBorg Donating Member (411 posts) Send PM | Profile | Ignore Wed Jun-29-11 07:51 PM
Response to Original message
7. Are these the tax benefits that he signed into law?

Stimulus Includes Tax Break to Promote Private Jet Sales

Published February 18, 2009
| AP

WASHINGTON -- Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own planes.

The incentive -- first used to help plane makers recover from the 2001 terror attacks -- sharply reduces the up front tax bill for companies who buy assets like business planes.


The aviation industry, which is cutting jobs as it suffers from declining shipments and canceled orders, hopes the tax break in the economic-stimulus bill just signed by President Barack Obama will persuade more companies to buy planes and snap a slump in general aviation that began last year.

"This is exactly the type of financial incentive that should be included in a stimulus bill," said Rep. Todd Tiahrt, R-Kan., in an interview. His state lost at least 6,900 jobs at Cessna and Hawker Beechcraft, both based in Wichita.

Roughly 11,000 jobs have been cut in the last three months by the 65 or so member companies of the General Aviation Manufacturers Association, an industry trade group.



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flamingdem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-29-11 08:43 PM
Response to Original message
8. Leeave Cantor's private jet alonee!!! nt
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Scuba Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-30-11 04:40 AM
Response to Original message
9. Cantor's a hyupocrit? Who knew?
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Supersedeas Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-01-11 04:17 PM
Response to Original message
10. only $2 billion?
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OwnedByFerrets Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-01-11 04:33 PM
Response to Original message
11. They are all hypocrites
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