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October 04, 2012

Biz av rapid reaction to Obama -- don't touch our tax breaks

It didn't take long. Within minutes of the end of the presidential debate last night, the business jet lobby was readying a response to President Obama comments that millionaires should be willing to pay more taxes on their winged limos.

We caught up this morning with Dan Hubbard, spokesman for the National Business Aviation Association and here's some of what he had to say:

"It's clear that President Obama either doesn't understand or doesn't want to understand the importance of business aviation to citizens, communities and companies all across the country.

"The manufacture and use of small airplanes for business supports more than a million jobs (1.2 million) and generates more than $150 billion each year in economic activity and helps companies of all sizes compete, especially in this very challenging economic environment.

"It's clear that President Obama chose to single out an important American industry with some mischaracterizations in his debate remarks last night."

Hubbard said earlier in his presidency Obama signed onto legislation extending the accelerated depreciation tax provisions for business aircraft, noting that his experts had said it would help maintain and create jobs and boost the economy.

- Bob Cox

 

 

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Comments

JBM

If Kansas weren't a solid "Red" state, President Obama wouldn't be making BizAv his scapegoat. If most of BizAv were based in Ohio or some other state that was "in play" for the November election, you can bet he wouldn't be doing this.

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