Last week when our Redistributor-in-Chief gave his Major Policy Address of the Day, he mentioned six times that we had to do away with tax breaks for owners of corporate jets. Six times! He's spent us upside down more than One Thousand Six Hundred and Twenty Five Billion Dollars and he's worried about corporate jets? I got to thinking, what has this guy got against the folks who design corporate jets, and make them, and sell them, and service them, and work or around them, and maintain them and fly them. According to Federal statistics, the corporate aviation industry accounts for more than $150 Billion per year in gross revenues and equates to 100,000 American jobs. That's pretty serious territory, business-wise, so there must be something here I don't see that causes the Campaigner-in-Chief to want to hose them out of their goodies. Or is it just that good ol' Class Warfare so deeply ingrained in the Liberal Mindset. You know, in order to buy one of these expensive toys the purchaser MUST have stolen the money to do so from some poor person somewhere. Probably a Black farmer from Arkansas. Yeah, that's the ticket.
So I got to checking. Back in 2009 our Community Organizer-in-Chief came up with his Stimulus Package to right all the wrongs in America. $787 Billion it cost, but by the time the dust settled the actual price was nearly One Trillion Dollars! A piece of this little package was a series of tax breaks to get companies to make more corporate jets and advanced depreciation schedules to get more people to want to buy them. It's worth remembering that not one Republican in the House and only 3 RINO Republicans in the Senate voted for this bloated load of pork. So let's see now. Our Hopeychanger-in-Chief and his liberal weenies in both houses of Congress, which he controlled, dreamed up and passed tax breaks for corporate jet owners pretty much all by his lonesome, and is now railing against Republicans to try to browbeat them into eliminating them. Huh?
Consider if you will that the totality of the cost of the tax breaks in question equates to about $3 Billion Dollars a year. Contrasted against our current 2011 Federal budget shortfall of $1.65 Trillion, it would take more than 5,000 years to generate enough revenue from this piddling effort to equal our budget deficit for 2011 alone! Looking at it another way, screwing the corporate jet buyers would save a whopping 0.03% of this year's deficit. Can you say disingenuous? Do his liberal sycophants actually buy this load of crap? If they do, why do they? Are they truly that brain dead? Is anybody besides me paying attention to this stuff?