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

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 11.13.17

Airborne-Unmanned 11.14.17

Airborne 11.15.17

AMA Drone Report 11.16.17

Airborne 11.17.17

Airborne-YouTube

Airborne 11.13.17

Airborne-Unmanned 11.14.17

Airborne 11.15.17

AMA Drone Report 11.16.17

Airborne 11.17.17

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

AMA Drone Report 11.16.17: Drone Registration, Drone Journalists Jailed

Also: Terror Advisory, DRL Sim, SureFly Octocopter, Space Needle Drone Pilot, FAI-ASFC World Fly-In Expo A bill that includes a return to civilian drone registration has been inclu>[...]

Airborne-Unmanned 11.14.17: Drone Registration, AT&T's Flying COW, Pilot Charged

Also: Boeing Completes Acquisition, Drones For LAFD, DJI Seeks Transport Canada’s Help, Uber and NASA A defense authorization bill that includes a return to civilian drone re>[...]

ANN FAQ: You Can Sponsor ANN And/Or Aero-TV!

Help ANN Grow So That We Can Be Of Greater Service To You! For the better part of a dozen years, ANN has set the pace for the growing and evolving aero-info revolution. No other ne>[...]

Airborne 11.17.17: Cabri G2 Heli-Upgrade, NBAA/KSMO, USAF Pilot Shortage

Also: Electronic Flight Bags, SNC's Dream Chaser, flydubai Buys 225 737 MAX, Scottish Airshow Nixed The FAA has approved Service Bulletin 17-009 for the Guimbal Cabri G2 that allow>[...]

Airlander 10 Gets Trashed... Again

'Broken in Two' -- This is the Airlander's Second Major Mishap The Hybrid Air Vehicles HAV 304/Airlander 10 has been involved in yet another accident... this time when the massive >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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