Why should companies get to write off on their taxes their executives' use of corporate jets? President Obama talks about this incessantly as part of his class warfare pitch. Make those jet users pay more!
In due course, with such issues, some union leader or local manufacturer of corporate jets--a field in which the US is still the leader--will come forth and defend the tax break as thoroughly defensible. Fine.
But why bother even to defend it? Discovery Sr. Fellow John Wohlstetter did a little research and discovered that the whole write off amounts to about $300 million a year ($3 billion a decade), a mere rounding figure in the federal budget, which is TRILLIONS in the hole. The President's fastening on this minor item is therefore mere demogogy.
Obviously, it polls well with people who don't know any better.
Jennifer Rubin borrows Wohlstetter's theme in the Washington Post today, and builds on it.
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