Great news: Senate Dems protecting corporate-jet owners
posted at 10:01 am on February 22, 2013 by Ed Morrissey
Over the last few weeks, Barack Obama and his White House has pushed the curious notion that the entire problem with the federal budget could be solved if we just stopped protecting the filthy rich and their tax breaks for corporate jets. “What we don’t want to do,” Obama told KAKE in Wichita in explaining why he wants more revenue rather than spending cuts, “is give somebody who’s buying a corporate jet an extra tax break.” Jay Carney followed that up by accusing House Republicans of protecting these fat-cat high flyers:
“[Republicans] are not willing to protect the jobs of what the CBO predicts could be up to 750,000 Americans by asking oil and gas companies to forgo their taxpayer subsidies, or corporate jet owners to give up their special tax break,” Carney said sharply during a White House press briefing. “They’re not willing to do that. And this is very disappointing.”
Say, just how many corporate jets get sold, anyway? There must be fleets of them every day rolling off showroom floors, if this is really the biggest obstacle to a balanced budget. Actually, that’s nonsense; the tax break to which Obama and Carney refer amounts to around $300 million a year in lost revenue, under static tax analysis. The current deficit is around a trillion dollars, which means closing this loophole would solve 0.03% of the annual budget gap. On the bright side, the other 99.97% won’t seem as tough from, er, 30,000 feet.
So just how hard are Democrats at work attempting to impose this 0.03% solution to the budget crisis? That’s what ABC’s Jon Karl wanted to know, and found that the Senate’s version of the sequester has the same tax break (via Instapundit):
Listening to the White House, you might think that the “balanced” Democratic plan to avert the spending cuts would close that loophole for private jets.
But you would be wrong.
The Senate Democratic plan – which has been endorsed by the White House and is, in fact, the only Democratic plan actively under consideration right now – doesn’t touch corporate jets.
We asked Carney if the White House is upset that the Senate Democrats’ plan protects corporate jets. His answer:
“Our position – in the president’s plan that has been available for ages but republicans and some reporters pretend doesn’t exist – is that the corporate jet loophole should be eliminated. We’d be fine if it were eliminated as part of the revenue component of a sequester buy-down or as part of broader tax reform in a bigger balanced deficit reduction deal. Either way. And either way, Republicans oppose it, and would rather see sequester hit than ask corporate jet owners to give up their special tax break. How is that not true?”
Er, because that tax break very clearly isn’t on the table at all, that’s how. It literally has nothing to do with the sequester. Neither party has made it an issue in actual legislative language, probably because it’s a ridiculous point in a standoff over $85 billion in spending reductions. It’s 0.36% of that total. As far as the tax breaks for oil companies to which Carney alludes, there are some differences between the two chambers, but the Senate doesn’t eliminate those tax breaks, either. They cut $2 billion more than the current sequester and the House proposal (passed twice now), but that’s only 2.4% of the sequester cuts, too.
The bluster from the White House leaves 97.3% of the sequester cuts unaddressed. It’s sheer demagoguery, and ignorant demagoguery at that, given their lack of curiosity over what Obama’s own party was proposing in the Senate. If they’re this clueless on that point, why should anyone give them credibility over the rest of their hysteria?
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Any lie necessary to protect the Dog Eating Dolt.
Carney would be willing to sell the necessity and benefits of a concentration camp system, the man is a pathetic lying spokesman for an entire administration of professional liars.
Bishop on February 22, 2013 at 10:06 AM
I’m goin’ to Vegas!!!
Electrongod on February 22, 2013 at 10:06 AM
The White House doesn’t have to make sense any more. Democrats are beyond reality. They control the media and we don’t fight it. We just accept to be demonized by the media without a fight.
GardenGnome on February 22, 2013 at 10:12 AM
Say anything to protect dipshit-in-chief’s “public” jet. I’m almost ready to bail. The stupidity of the voting public is depressing.
msupertas on February 22, 2013 at 10:13 AM
I’m going to start calling Jay Carney “Wormtongue.” Only he’s not lying to the king, he’s lying to the American people.
rbj on February 22, 2013 at 10:14 AM
Ed, is any revenue really “lost” because of this “loophole?” Wouldn’t that money be collected over the 7 years anyway as opposed to over the 5 years as it is now? I get that it benefits the companies but will the government actually end up with any more cash over the life of the asset by tinkering with the depreciation schedules?
Fezzik on February 22, 2013 at 10:17 AM
And yet the lsm gives them credibility ad nauseum
cmsinaz on February 22, 2013 at 10:20 AM
Jet Blue Party.
hillsoftx on February 22, 2013 at 10:24 AM
Because demogoguery works, and is now almost all that matters?
MT on February 22, 2013 at 10:26 AM
…Democrat Creed…do as we say…not as we do!…Plebes!
KOOLAID2 on February 22, 2013 at 10:27 AM
Whatever the dems say become fact…it’s that simple…If it’s wrong one day and right the next, it was wrong that day, but not the next.
Why doesn’t anyone understand this? If Code Pink think killing civilians are wrong under Bush, but it’s okay under Obama, that is just the way it is, don’t question it.
It was wrong under Bush, it is right under Obama…Corporate tax breaks for jets is wrong under Republicans, but it’s right under Obama.
The list is endless…Bush increase in oil revenues, bad, Obama good…
right2bright on February 22, 2013 at 10:31 AM
“If they’re this clueless on that point, why should anyone give them credibility over the rest of their hysteria?”
No, it’s all the fault of the Republicans. I know because I’ve read it and heard it.
More important, have you heard the really cool things Tiger says about the President’s golf game?
Drained Brain on February 22, 2013 at 10:33 AM
There is an even more interesting reason for this.
Warren Buffett.
Berkshire Hathaway is big in the corporate jet biz.
Why isn’t Mr. I-Should-Pay-More-Taxes up on the Hill demanding that Senate Dems do the honorable thing and take away his tax break?
BTW, Buffett has something to do with the pipeline stall, as well.
If the Keystone pipeline is built, it will hurt Buffett’s Burlington Railroad biz, which currently transports a lot of that oil.
Mr. Arkadin on February 22, 2013 at 10:33 AM
Brilliant idea… what could possibly go wrong… Al Gore? Your thoughts on loosing your Corporate Jet please? How about you Tom Cruse, Tom Hanks? Care to chime in?
SWalker on February 22, 2013 at 10:34 AM
Do reporters actually believe any of the crap that comes out of Carey’s mouth?
GarandFan on February 22, 2013 at 10:36 AM
Menendez has FRIENDS to take care of, you know? /
tommy71 on February 22, 2013 at 10:39 AM
It has nothing what so ever to do with believing, and everything to do with following Saul Alinsky’s “Rule for Radicals”.
SWalker on February 22, 2013 at 10:41 AM
Are you really asking? It’s music to their collective ears… they’re talking-point regurgitators!
MT on February 22, 2013 at 10:43 AM
Ed, you’re not giving this President enough credit. Have we not learned anything from this past election? This isn’t “ignorant demagoguery,” but in fact demagoguery for the ignorant. He knows precisely what he’s doing. He’s up to the same PR shenanigans he’s been up to for the last 4 years, directly appealing to the low-information voter.
ncconservative on February 22, 2013 at 10:45 AM
A guy from ABC pointed this out? Don’t tease me into believing those guys are going to start doing their jobs. Each one of them probably has a quota to get one low key story point out a Democrat/White House discrepancy for the year.
Cindy Munford on February 22, 2013 at 10:46 AM
He strikes mre more as the mouth of sauron.
Rebar on February 22, 2013 at 10:50 AM
We won’t get back in the game until we can effectively undermine this tactic… or the fire runs out of fuel, whichever comes first.
MT on February 22, 2013 at 11:11 AM
I saw some comments on another thread that suggested that Ed Morrissey was not a real conservative. I think he does good work. I’m grateful for the good work he does, and as far as litmus tests go, I left my Bunsen burner in high school.
cbenoistd on February 22, 2013 at 11:12 AM
I really like Ed’s posts when he channels Erika. :)
ButterflyDragon on February 22, 2013 at 11:12 AM
Does anybody actually believe any of the crap that comes out of reporters’ mouths?
Finished it for you.
HiJack on February 22, 2013 at 11:13 AM
How will these senators get to their Whores in the Dominican Republic without private jet owners?
portlandon on February 22, 2013 at 11:19 AM
Exactly. Conservatives better start understanding the importance of propaganda because right now we are getting our assess handed to us in that department. Demagoguery works when done right! How did the American Revolution start in the first place? Ever seen the prints of the Boston Massacre. Remember reading about how the Sons of Liberty did things like dump tea into Boston Harbor over a tiny tax. Remember reading the Declaration of Independence where we called King George a tyrant and a bunch of other names.
All that stuff was somewhat true….key word being “somewhat”. It was also propaganda. If you want to win something important, and I think liberty is important, you sometimes have to get into the gutter and get ugly.
The Democrats are just doing what we Americans have always done, it is conservatives who have forgotten how to play the game. That is why no new taxes is a foolish pledge. I want lower taxes on all the people who support liberty and freedom, and I want to jack up taxes on all those who support Democrats and Obama. Pass a budget in congress that is balanced! Cut spending on Democrat programs and raise taxes on things democrats like and let Obama kill the balanced approach. This is why lower taxes on everyone is ivory tower BS, just like let’s end war. You have to be willing to show someone…yes I can hurt you too. That is how I would roll….
William Eaton on February 22, 2013 at 11:26 AM
Parlaying the veracity he has demonstrated as WH Spokesman, Jay’s next job will be as a carny fortune teller.
Another Drew on February 22, 2013 at 1:47 PM
All this is why Rush says this makes him ashamed of our country.
Fiscal sanity does not exist in either party. Obama demagogues corporate jets while flying in the most amazing corporate jet in the world (and I am certain that when he is a private citizen again he will be flying in corporate jets too). Carney lies through his teeth and the GOP in Congress says little or nothing about it. And overall, Obama played chicken with the House, got what he wanted and is now complaining about it.
The Dems are the party of class warfare, the GOP is the stupid party, and we are all left holding the bag.
UnrepentantCurmudgeon on February 22, 2013 at 2:25 PM
Goebbels’ ultimate dreams are realized by this admin.
Schadenfreude on February 22, 2013 at 3:06 PM
Agree with all of you!
Problem is, Conservatives want to be sure they are demagoguing the correct position, and the Left is already sure that they are.
AesopFan on February 22, 2013 at 4:58 PM
api on March 11, 2013 at 1:33 PM