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/NBAA2014 10.21.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.21.14 **
** Airborne/NBAA2014 10.20.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.20.14 **
** Airborne 10.17.14 ** HD iPad-Friendly -- Airborne 10.17.14 **

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

Game-Changing NBAA2014 Sponsor Mid-Continent Instruments and Avionics!

Innovation Brings Safe, Certified, Nanophosphate® Lithium Batteries To New Business Aircraft True Blue Power is the first company in the world to achieve FAA TSO and EASA ETSO >[...]

Airborne at NBAA--10.21.14: NBAA2014 Opens, Eclipse Update, FJ44 TBO Increase

Also: Shuster/Hart Address NBAA, Gogo Means Business, BBJ Maxes Out, Hartzell Pulls Its Weight The NBAA Opening General Session featured two well-known names from Washington. Repre>[...]

Airborne at NBAA--10.20.14: HondaJet, Honeywell Forecast, Gulfstream's G500/G600

Also: Garmin's ADS-B For BizAv, R44s For Jordan, Textron Aviation, Hartzell Props, Clarity Aloft Pro Plus At a news conference early Monday at the 2014 NBAA convention, HondaJet sa>[...]

Airborne at NBAA--10.21.14: NBAA2014 Opens, Eclipse Update, FJ44 TBO Increase

Also: Shuster/Hart Address NBAA, Gogo Means Business, BBJ Maxes Out, Hartzell Pulls Its Weight The NBAA Opening General Session featured two well-known names from Washington. Repre>[...]

ANN's Daily Aero-Linx (10.22.14)

Airport Operators Association - U.K. Founded in 1934, the Airport Operators Association (AOA) is the national voice of UK airports.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC