Heritage: Yes, Obama still owns the tax break for corporate jets 

A few non-profit arms of the Obama administration -- namely Media Matters and the Center for American Progress -- have attacked the Heritage foundation for correctly pointing out that President Obama signed general this general aviation tax break into law through as part of his stimulus package.

The pedantic complaint is that Heritage's original post incorrectly implied that Obama had concocted the idea himself. In fact, he merely extended the accelerated depreciation provision for "corporate jets." But that doesn't change the fact that President Obama railed six times yesterday against a tax break that exists in law today because of his signature.

Heritage's Mike Gonzales has posted the official reply:

So, yes, obviously, if we could write it again, we would say “re-authorized” not “created.” To the writer over at Media Matters who said we should issue a “sweeping correction” we recommend switching to decaf. President Obama did create the Stimulus, which did include a tax break for the purchase of private jets. That failed bill only received three Republican congressional votes.

The jet tax provision is not a serious issue ($3 billion over ten years?), and Obama's repeated mention of it demonstrates he is not serious about deficit reduction. It just adds icing to the cake that it exists in law today only because of his signature.

And further, it is perhaps lost in this debate that Obama is attacking an industry that is one of the few remaining loci of American leadership in manufacturing. I don't like the idea of special treatment for any particular industry, but Obama, who has no qualms about corporatism, has been talking about promoting manufacturing. Well, what does he think this corporate jet subsidy was all about? Promoting manufacturing, of course. It's Obamanomics at work.

About The Author

David Freddoso

Bio:
David Freddoso came to the Washington Examiner in June 2009, after serving for nearly two years as a Capitol Hill-based staff reporter for National Review Online. Before writing his New York Times bestselling book, The Case Against Barack Obama, he spent three years assisting Robert Novak, the legendary Washington... more
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