Senator: White House 'Political Gimmicks' Put Thousands Of Jobs At Risk | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.13.17

Airborne Hi-Def On YouTube

Airborne 01.16.17

Airborne 01.17.17

Airborne 01.18.17

Airborne 01.19.17

Airborne 01.13.17

Tue, Mar 05, 2013

Senator: White House 'Political Gimmicks' Put Thousands Of Jobs At Risk

Remarks From The Senate Floor Shed Light On So-Called 'Loophole'

As rhetoric from Washington, DC mischaracterizing business aviation continues to heat up, a Kansas lawmaker has lent his voice to the growing chorus of support for the industry.

Sen. Jerry Moran (R-KS) (pictured in YouTube frame capture) responded last week from the Senate floor to what he termed "a relentless focus on political gimmicks" from the White House when it comes to the administration's rhetoric about business aircraft taxes when discussing deficit reduction, and specifically President Obama's repeated calls to adjust the tax "depreciation" schedule for general aviation aircraft.

While the president is fond of referring to the current, five-year depreciation schedule as a so-called "corporate jet loophole" when discussing the need for tax reform, Moran countered that the policy not only enables farmers and small business owners to utilize small aircraft in support of their enterprises – as do similar appreciated depreciation schedules for cars and trucks – but the policy also spurs manufacturing and helps to create jobs.

"The five-year depreciation schedule has been law for nearly a quarter century, and was not created for the benefit of the 'rich' or 'wealthy,' but for the 1.2 million Americans who make a living building and servicing these planes," added Moran. "Ending the accelerated depreciation schedule for general aviation aircraft will send hundreds, if not thousands, of hardworking Kansans straight to the unemployment line."

Moran's comments were the latest in a groundswell of support from various entities that have spoken up for business aviation against rhetoric and attacks during the financial-crisis debate in Washington, DC.

Numerous congressional lawmakers, economic development officials, and labor organization leaders have also questioned the White House's narrow-minded focus on attacking business aviation, as have some news organizations. Such attacks only serve to score political points, Moran stated, and distract from the urgent need to develop effective policies that will help grow the nation's stagnant economy.

"If the president wants Congress to review the depreciation period associated with certain assets, then why single out one specific industry instead of taking a comprehensive approach? Because attacking 'corporate jets' is a nice political sound bite," he added.

"It is long past time to address the real problem with meaningful spending reductions, and every moment spent talking about 'corporate jet loopholes' is a moment wasted."

FMI: Video of Moran's Remarks, www.nbaa.org

Advertisement

More News

Airborne 01.17.17: Gene Cernan, KSMO NIMBY's Threaten AvBiz, Lily Drones Kaput

Also: Gone West: Bill Bordeleau, Aero-Calendar, Duncan Aviation, Norwegian Air, Drone Advisory, QinetiQ, Drone v Space Needle We’re sorry to report that, according to a Tweet>[...]

Airborne 01.16.17: Dynon/EAA STC Expands, SpaceX, Chao Coy On ATC Privatization

Also: Project Titan, Part 23 Rule, SportAv HoF, Iran Air, FL's Space Coast, Galaxy Note7 Warnings, Boeing Employees When Dynon and EAA announced that they had worked together to ob>[...]

Airborne 01.17.17: Gene Cernan, KSMO NIMBY's Threaten AvBiz, Lily Drones Kaput

Also: Gone West: Bill Bordeleau, Aero-Calendar, Duncan Aviation, Norwegian Air, Drone Advisory, QinetiQ, Drone v Space Needle We’re sorry to report that, according to a Tweet>[...]

FAA Grants TSO To Sandia For (I)VSI

Gives Nearly Immediate Vertical Speed Information The FAA has granted SANDIA Aerospace an additional TSO on their popular SAI 340 Quattro multi-function indicator. In addition to A>[...]

ANN's Daily Aero-Linx (01.18.17)

Intrepid S-A-S Museum Occupying some prime “sea estate” on the Hudson River in Manhattan is the Intrepid Sea, Air and Space Museum. Boasting “Adventures in Herois>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC