Prospect Heights, IL, Mayor Questions Obama Position On BizAv | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 09.19.14 ** HD iPad-Friendly -- Airborne 09.19.14 **
** Airborne 09.17.14 ** HD iPad-Friendly -- Airborne 09.17.14 **
** Airborne 09.15.14 ** HD iPad-Friendly -- Airborne 09.15.14 **

Wed, Apr 03, 2013

Prospect Heights, IL, Mayor Questions Obama Position On BizAv

Chicago Newspaper Publishes Mayor’s Questioning Of White House Business Aviation Rhetoric, Proposals

The mayor of a Chicago, IL suburb lent his voice recently to the others signaling support for business aviation, in light of claims put forth by the White House and its supporters concerning tax policies for business aircraft.

President Obama has repeatedly called for altering the tax-depreciation schedule for non-commercial aircraft purchases from five years to seven years, a move the White House claims would raise approximately $3 billion in revenue over the next decade to help reduce the deficit.

Responding to a March 5 op-ed in the Chicago Tribune favoring the altered schedule, Prospect Heights, IL Mayor Nicholas Helmer countered in a March 30 letter to the newspaper that repeated calls to change the schedule are “one particularly confounding example” of policies that would be “hugely detrimental to the general aviation industry as a whole.

“Not only has this depreciation schedule been in place for 25 years and is consistent with other business investments, but further taxing these aircraft would be extremely harmful to the businesses, farms and charitable groups around the country that rely on these aircraft,” he wrote.

The mayor's response was only the latest in a series of statements from NBAA and other general aviation groups, congressional lawmakers, small business proponents, labor leaders and even media outlets questioning the administration’s characterization of business aviation, and rationale in pushing for the altered depreciation schedule.

“Both parties in Washington need to get serious about addressing our nation's long-term debt crisis,” Helmer’s letter concludes. “However, while vilifying an American industry that is responsible for millions of jobs may score quick political points, it will have many long-term negative consequences at a time when we need to do everything we can to help our nation's businesses to recover.”

FMI: Read the Letter, www.nbaa.org

Advertisement

More News

Airborne 09.19.14: Cool City R44 Cert, Reno Rumblings, Sierra Re-Jets The CJ

Also: Eclipse Improvements, AEA Urges NextGen GA Fund Adoption, FAA OKs External Cams, GA Accident Rate Declines The FAA has granted an STC to Cool City Avionics for the installati>[...]

Airborne 09.17.14: Boeing/SpaceX Win CCtCap, Flying Docs Endorse, Jetpack Bucks

Also: Chris Heintz, Lear 70/75 Certs, Beluga Birthday, Leap Frogs 9/11 Jump Cancelled, Lawyers Sue NTSB The Commercial Spaceflight Federation congratulates NASA and the winners of >[...]

Aero-TV: AT LAST!!! - Avidyne’s IFD540 Receives Certification

Avidyne's Long-Awaited IFD540 Finally Gets A Chance To Show Its R9 Roots If you are looking for the bells and whistles of modern avionics you missed an opportunity if you were not >[...]

ANN's Daily Aero-Linx (09.20.14)

ASTM International ASTM International, formerly known as the American Society for Testing and Materials (ASTM), is a globally recognized leader in the development and delivery of i>[...]

ANN's Daily Aero-Term (09.20.14): Basic Empty Weight (GAMA)

Basic empty weight includes the standard empty weight plus optional and special equipment that has been installed.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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