The Senate Democrats are protecting the corporate jet loophole
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. …
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?”