In the Obama administrations’ continual swivet to tax the millionaires and billionaires and their corporate jets, the tax loophole that allowed the jet tax called “accelerated depreciation” was actually created in Obama’s initial stimulus package. Lets listen to Obama’s words last week;
Big Government must figure out ways to stay in power and keep the doors open and the taxpayer is in B.G. crosshairs for revenue. It’s that simple. It’s a bit like the Federal Reserve in that it’s hard to understand but you know things will not come out in your favor. Whether the corporate jet tax is taken in the form of a stimulus or a tax to balance the budget, it will still come out of your pocket.