Arizona Republicans lash out at Democrats to defend tax loophole for corporate jets

[Playinghardball]

Source: Raw Story
By Eric W. Dolan

Arizona Democratic Party Chairman Andrei Cherny riled the feathers of the state's Republican Party by suggesting that those who can afford corporate jets should have to make sacrifices, not just seniors and middle-class families.

"What (President Barack Obama) is saying is (that) we need a balanced approach, and if we are going to ask seniors and our military and others to sacrifice, we should be able to ask people who are getting a tax loophole to pay for corporate jets to sacrifice a little bit as well," he told the East Valley Tribune. "I don’t think that’s too much to ask."

Current tax law allows owners of jets to write off the depreciation over the course of seven years.

In response, the Arizona Republican Party issued a statement saying, "Maybe Cherny is okay with cutting manufacturing industry jobs in Arizona, but we are not." They noted that Arizona is currently home to a number of aviation companies, such as AmSafe Aviation, FlightSafety International, Honeywell Aerospace, Parker Aerospace, and Universal Avionics.

More at: http://www.rawstory.com/rs/2011/07/27/arizona-republicans-lash-out-at-democrats-to-defend-tax-loophole-for-corporate-jets/

[Ruby the Liberal]

1. So the "job creators" are going to stop buying planes for their convenience

based on changes to the depreciation scale?

:rofl:

[robinlynne]

2. good point.

[Angry Dragon]

3. Let them keep the planes and make all private corporation

passengers subject to full body strip searches every time

[SoutherDem]

4. Wouldn't any cut hurt jobs?

I keep hearing how this private jet tax cut elimination will cut jobs, but won't any cut potentially cut jobs? I for one think if a company is going to own a jet, they shouldn't argue about paying their fair share in taxes.
I am so sick of this "trickle down" nonsense.
It isn't supply side we need to worry about it is demand side. People don't have money to buy things, Until the demand goes up the supply won't go up. Focus on the middle and lower class.
This reminds me of the movie "Titanic", How the rich made it to the life boats while the poor were locked down below. We need to realize "trickle down" hasn't worked, isn't working and won't work. We need "flow up", help out the lower and middle class who will buy goods which will create profits for the rich. I am tired of hearing how the rich bastards are having to sell their 90" boat for a 60", or give up one of their vacations homes, or pay taxes on their private jet. They should have to make the decision between food and medicine, or gas and electricity, then they would understand sacrifice.

[KarenS]

5. Reasoning with an Arizona Republican,,,,

is like reasoning with a drunk.

It is a giant waste of time & energy.

:shrug: