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More re: corp jets … Are they really slipping through a“loophole” ?

In an earlier post, we pointed out the irony regarding Pres. Obama’s poli-rants against “corporate jet owners”:

  • HR 4853– the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 – was initiated in the lame duck Pelosi-controlled Democratic House, passed by the Reid-controlled Democratic lame duck Senate, and signed by President Obama – ostensibly to create J-O-B-S.

A HomaFiles reader replied to the post with a relevant clarification:

“A tax break is not a loophole.

HR4853 purposely included this incentive to produce an outcome.

Only unintended tax outcomes that reduce taxes are loopholes.

It is amazing to see the amount of misinformation provided by the press and believed by democrats …”

Good point.

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This entry was posted on July 6, 2011 at 6:48 am and is filed under Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “More re: corp jets … Are they really slipping through a“loophole” ?”

  1. Chris's avatar Chris Says:
    July 7, 2011 at 10:22 am | Reply

    Great comment. I would only modify the last sentence a bit:

    “It is amazing to see the amount of misinformation provided by the DEMOCRATS and believed by the PRESS…”

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