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 08.03.15

Airborne 08.04.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

Airborne Hi-Def On YouTube

Airborne 08.03.15

Airborne 08.04.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

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 08.03.15: MH370 Evidence Mounts, NIMBYs Must Pay, R66 Police Helicopter

Also: 'New' Wright 'B' Flyer, HD Footage From Space, AMA Museum, NAAA UAV Safety, Waukegan Cancels, Sun Country Pilots, NASA Mars Orbiter The aircraft debris found on the coast of >[...]

Airborne 08.03.15: MH370 Evidence Mounts, NIMBYs Must Pay, R66 Police Helicopter

Also: 'New' Wright 'B' Flyer, HD Footage From Space, AMA Museum, NAAA UAV Safety, Waukegan Cancels, Sun Country Pilots, NASA Mars Orbiter The aircraft debris found on the coast of >[...]

A Whole Lot of OSH15 Awesome! 2015 EAA/ANN AirVenture Innovation Preview!

Get The Inside Details On THE Most Exciting NEW OSH15 Innovations And Product Announcements... in High-Def Aero-TV Video The staff of the Experimental Aircraft Association and the >[...]

Annual Oshkosh 2015 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details in just a few >[...]

ANN's Daily Aero-Linx (08.04.15)

SATOP - Space Alliance Technology Outreach Program The Space Alliance Technology Outreach Program (SATOP) is a cooperative program between the states of Florida, New Mexico, New Yo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC