Via Verum Serum, this actually goes back almost two weeks, but it’s worth the time. Barack Obama supporter Warren Buffett, one of the wealthiest men in the world and a believer in redistributionism, seems to draw the line at demonizing corporate-jet owners. Why is a corporate jet any different than, say, a corporate locomotive — or any other corporate-owned transportation? Congress passed a rule allowing for 100% depreciation in the first year for all capital purchases in order to stimulate manufacturing and sales, a rule that applies to more than just corporate jets. Buffett balks at calling Obama’s demagoguery “political theater,” but the implication is rather clear:
Besides, if corporate-jet ownership breaks are the bane of fiscal responsibility as Obama keeps alleging, then why are Democrats spending $7.5 million in Rep. Zoe Lofgren’s district to expand an airport for … corporate jets?
U.S. Rep. Zoe Lofgren (D-San Jose) on Wednesday announced that Mineta San Jose International Airport has secured a $7.49 million grant from the Federal Aviation Administration to help pay for the next phase of a new taxiway extension on the airport’s west side.
The Taxiway W project is expected to enhance the safety of general aviation aircraft and further reduce the risk of accidents on the airfield. This is the third of a five-phase plan to complete the new taxiway that also will help support the future development of the airport’s west side for general and corporate aviation activities.
And that $7.5 million is just a down payment, apparently:
The remainder of Taxiway W will be built over the next several years, contingent on federal funding. The total project cost is about $55 million.
Gee — I wonder how much of that will come from Lofgren’s federal pork trough?