Class Warrior Obama's Private Jet Tax Break Snafu

By the Left Coast Rebel

Our own President isn't much different than the charlatan Sharpton, excepting the fact that Obama's socialism and raging econo-incompetence puts the collective national standard of living at risk.

From the Heritage Foundation's Foundry, "Obama Blasts Private Jet Tax Breaks Created by His Own Stimulus":

The chief economic culprit of President Obama’s Wednesday press conference was undoubtedly “corporate jets.” He mentioned them on at least six occasions, each time offering their owners as an example of a group that should be paying more in taxes.

“I think it’s only fair to ask an oil company or a corporate jet owner that has done so well,” the president stated at one point, “to give up that tax break that no other business enjoys.”

But the corporate jet tax break to which Obama was referring – called “accelerated depreciation,” and a popular Democratic foil of late – was created by his own stimulus package.

Exit reader question: Who is more economically illiterate, Obama or Sharpton? Hmm?

Related: At Beers With Demo: "California Budget Update."

Via Memeorandum.

No comments:

Post a Comment

Commenting here is a privilege, not a right. Comments that contain cursing or insults and those failing to add to the discussion will be summarily deleted.