Wed, Apr 03, 2013
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.”
The Governmental Death By 1000 Cuts Continues... Guest Editorial by Rich Davidson, Grass Cutting Administrator At Lee Bottom Flying Field/API Advisory Board Did you feel that Aero->[...]
Also: Holland Wants Gold, FAA Strangling UAVs?, RAF WWII Trainer For Sale, Bf109s Live, Georgia v Aerospace Engineers The Aircraft Electronics Association has released its third-qu>[...]
A No-Nonsense Q&A With AOPA Boss, Mark Baker ANN CEO and Editor-In-Chief, Jim Campbell sat down with AOPA’s President, Mark Baker to discuss his first year at the job and>[...]
AD NUMBER: 2014-23-02 PRODUCT: Certain Agusta Model A109E, A109K2, A119, and AW119 MKII helicopters.>[...]
Baja Bush Pilots The Baja Bush Pilots organization was started by Arnold Senterfitt, author of the book "Airports of Baja and Mainland Mexico".>[...]