When President Obama criticized tax breaks for owners of corporate jets during the first debate with contender Mitt Romney on October 3, the reaction from the business aviation community was swift. Obama was referring to the allowable accelerated depreciation for capital goods, which ironically is part of a bill that he signed in 2010, HR 4853, the Tax Relief, Unemployment Insurance and Job Creation Act.
NBAA thanked a bipartisan group of 28 U.S. senators yesterday for sending a letter to President Obama opposing the $100-per-flight user fee proposed in his Fiscal Year 2013 budget. The senators’ letter emphasized, “We believe the per-gallon tax assessed on aviation gasoline and jet fuel is the most efficient and effective way to generate revenue from aviation users.” A bipartisan group of 195 House members also recently sent a letter to President Obama opposing user fees.
Bipartisan members of the House of Representatives are circulating a letter to President Obama “expressing our strong opposition” to the proposed $100-per-flight fee on commercial and general aviation operators of turbine aircraft contained in his 2013 budget proposal. The letter was signed by the leaders of the House aviation subcommittee and the chairmen of the General Aviation Caucus, as well as more than 60 other members of Congress.
The Alliance for Aviation Across America today released a letter to President Obama signed by more than 100 mayors from 48 different states. The letter highlights the critical importance of general aviation to the national and local economies and raises concerns about the President’s proposed $100 per-flight user fee. The alliance is also urging people to ask their town mayor to add their name to the letter.
Orville and Wilbur got things airborne just over one hundred years ago, and for the most part it has been a reasonably steady climb-out. But don’t try to sell that to today’s aviation executives. More than three years have passed since the Great Recession began, and an increasing number of my business colleagues are telling me they are tired of hunkering down. So am I.
Nine general aviation organizations find themselves oddly aligned with the nation’s airlines in opposing President Obama’s call for a new $100 per-flight tax for turbine aircraft flying under IFR flight plans, part of his plan to address the nation’s deficit.
General Aviation Manufacturers Association president Pete Bunce decried President Obama’s “negative rhetoric” about the GA industry during a rally last month in Cedar Rapids, Iowa.
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.
u Even before President Barack Obama took the oath of office on January 20 political analysts, media gurus (press, radio, TV talking heads) and a horde of amateur prognosticators came out of the woodwork to peer deeply into their crystal balls for any insight as to how Congress would react to Obama’s campaign promises and legislative goals.