Illinois State Senators

March 2, 2013 - 7:30am
President Obama has proposed eliminating a tax break for business jet buyers.

If I had to sum up the benefits of business jets in just one word, I might pick “convenience.” According to Wikipedia, “convenient procedures, products and services are those intended to increase ease in accessibility, save resources (such as time, effort and energy) and decrease frustration.”

December 29, 2010 - 3:28am

On December 17, President Obama signed the Tax Relief, Unemployment Insurance ­Reauthorization and Job Creation Act of 2010. The Act includes “100-percent expensing” of investments in capital assets, such as business aircraft, purchased between Sept. 8, 2010, and Dec. 31, 2011.

 
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