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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.30.16

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

Missing PilotÂ’s Remains Bring Sister Closure After 51 Years

Mag. Dean Klenda Laid To Rest Sept. 17 Maj. Dean Klenda, an F-105 Thunderchief pilot, went to Vietnam in 1965. He never returned. His sister, Deanna, has been searching for answers>[...]

Airborne 09.30.16: ForeFlight/SiriusXM, FAA Takes On SMO, MH17 Shootdown

Also: Lynx Grounding, Drone Shooters, N Korean AirShow, Alaska Airlines, King Stallion, Embraer EMB 120, Pilot Arrested ForeFlight and SiriusXM have introduced SiriusXM Aviation we>[...]

Airborne 09.29.16: SpaceX Raptor, FAA v KSMO, First A330neo

Also: ISU Plane Mess, Redbird-NBAA-Deland, 1st Inuit Female Pilot, NTSB on Reno, Rotorwash, Air Tanzania Q400s, Av-Appreciation It looks like the concept of presidential candidates>[...]

Airborne 09.30.16: ForeFlight/SiriusXM, FAA Takes On SMO, MH17 Shootdown

Also: Lynx Grounding, Drone Shooters, N Korean AirShow, Alaska Airlines, King Stallion, Embraer EMB 120, Pilot Arrested ForeFlight and SiriusXM have introduced SiriusXM Aviation we>[...]

ANN's Daily Aero-Linx (10.01.16)

How To Make A Spaceship The story of the bullet-shaped SpaceShipOne, and the other teams in the hunt for the XPrize, is an extraordinary tale of making the impossible possible.>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC