In all sincerity, the thread was meant to discuss what we can expect from the Administration to help bring back private aviation…being a conservative or liberal is not relevant. It adds color to the conversation, but not the intent. . I left the Republican Party last November after the election and became an Independent. I even voted for a Democrat as US Senator.
My view is that Obama likes to take shots at corporate jets because it is good headline material and the industry and Republicans take the bait and attack. Foolish response…Obama sounds like a hero and the industry and Republicans look greedy. In other words…Obama is punking us and we dumb enough to react.
The Rush as Paris image is chilling.
Here is a good recap of a recent Obama statement about jets and the industries response.
AIN Blog: Bizav and Obama: Time for a Reality Check
http://www.ainonline.com/aviation-news/blogs/ain-blog-bizav-and-obama-time-reality-check
My view is that Obama likes to take shots at corporate jets because it is good headline material and the industry and Republicans take the bait and attack. Foolish response…Obama sounds like a hero and the industry and Republicans look greedy. In other words…Obama is punking us and we dumb enough to react.
The Rush as Paris image is chilling.
Here is a good recap of a recent Obama statement about jets and the industries response.
AIN Blog: Bizav and Obama: Time for a Reality Check
March 2, 2013 - 7:30am
…”That’s exactly what our magazine has long argued: that for companies that can afford them, business jets are well worth considering because they can provide better accessibility to more places and save effort, energy and especially time. Other bizjet advocates have been saying the same thing for years.
This is also what President Obama said in an interview on February 20.
So how did the industry respond? A press release from the National Business Aviation Association said, “An assertion was offered by the White House that the only reason American companies use business aircraft is because ‘it’s extremely convenient and they can afford it.’” This, said the NBAA, is “dismissive,” “a misrepresentation” and “a caricature of business aviation that is at odds with reality.”
First, Obama never used the word “only”—the NBAA added that, apparently for effect.
Second, the president’s statement is true.
So why is the industry upset? Undoubtedly because the president also suggested, as he has on previous occasions, that it’s time to talk about extending the depreciation period for tax purposes for many business jets from five years to seven. These buyers “don’t need an extra tax break, especially at a time when we’re trying to reduce the deficit,” Obama said. “Something’s gotta give.”…
…”. BJT columnist Jeff Wieland, a member of the NBAA’s Tax Committee, doesn’t believe this change would have a significant impact on jet sales, nor for that matter, does he see bonus depreciation as a major factor in boosting sales. As he noted in our pages two years ago, bonus depreciation doesn’t apply to used aircraft and it doesn’t help the U.S. aviation industry when it is applied to the purchase of the many new business airplanes that are manufactured outside the U.S. Moreover, it merely accelerates a tax benefit rather than creates a new one; it is of value only to companies that are already doing well and have profits to shelter; and it could actually lead to higher aircraft prices.”…
…”So maybe we should all take a deep breath and relax. Corporate jets represent a valuable business tool. And if Congress tinkers with the depreciation rules for new-jet purchases, that tool will still be available and the bizav industry will not die, all suggestions to the contrary notwithstanding. The business aviation associations have a case to make, but they could make it better and more credibly if they toned down the rhetoric”….
…”That’s exactly what our magazine has long argued: that for companies that can afford them, business jets are well worth considering because they can provide better accessibility to more places and save effort, energy and especially time. Other bizjet advocates have been saying the same thing for years.
This is also what President Obama said in an interview on February 20.
So how did the industry respond? A press release from the National Business Aviation Association said, “An assertion was offered by the White House that the only reason American companies use business aircraft is because ‘it’s extremely convenient and they can afford it.’” This, said the NBAA, is “dismissive,” “a misrepresentation” and “a caricature of business aviation that is at odds with reality.”
First, Obama never used the word “only”—the NBAA added that, apparently for effect.
Second, the president’s statement is true.
So why is the industry upset? Undoubtedly because the president also suggested, as he has on previous occasions, that it’s time to talk about extending the depreciation period for tax purposes for many business jets from five years to seven. These buyers “don’t need an extra tax break, especially at a time when we’re trying to reduce the deficit,” Obama said. “Something’s gotta give.”…
…”. BJT columnist Jeff Wieland, a member of the NBAA’s Tax Committee, doesn’t believe this change would have a significant impact on jet sales, nor for that matter, does he see bonus depreciation as a major factor in boosting sales. As he noted in our pages two years ago, bonus depreciation doesn’t apply to used aircraft and it doesn’t help the U.S. aviation industry when it is applied to the purchase of the many new business airplanes that are manufactured outside the U.S. Moreover, it merely accelerates a tax benefit rather than creates a new one; it is of value only to companies that are already doing well and have profits to shelter; and it could actually lead to higher aircraft prices.”…
…”So maybe we should all take a deep breath and relax. Corporate jets represent a valuable business tool. And if Congress tinkers with the depreciation rules for new-jet purchases, that tool will still be available and the bizav industry will not die, all suggestions to the contrary notwithstanding. The business aviation associations have a case to make, but they could make it better and more credibly if they toned down the rhetoric”….
http://www.ainonline.com/aviation-news/blogs/ain-blog-bizav-and-obama-time-reality-check
uke:
