Obama aide promises $1B in corporate-jet subsidies?
Remember when Obama was railing on about “the tax-break for corporate jets,” during the debt-ceiling fights of 2011? He repeatedly invoked this “tax break,” which was really about how some corporate jets were depreciated over five years instead of seven. The message was clear: Republicans are in bed with corporate-jet owners. His loyal legions on the Left joined thechant.
But today, Obama’s export-subsidy chief promised a billion dollars in taxpayer-backed subsidies for corporate jets, according to Bloomberg News.
Export-Import Bank Chairman Fred Hochberg plans to provide more financial aid to U.S. corporate jet manufacturers, branching out from a traditional support for Boeing Co. (BA) to help an industry where demand has suffered….
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Street and fat cats more than any President---the dumb ass occupy people have no clue about who Obama really is
So he's yelling at the rich while supporting the rich, hanging out with the rich, taking rich tax write offs so he can get richer. uh huh. Maybe he's buying a jet for his private corporation.
It also is a perfect microcosm of Obama's approach to industry: Tax them more, regulate them more, and subsidize them more.
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