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Title: Heritage Lies About Origin Of Tax Breaks For Jets
Source:
Political Correction
URL Source: http://politicalcorrection.org/blog/201106300011
Published: Jun 30, 2011
Author: None
Post Date: 2011-06-30 18:59:49 by war
Keywords: None
Views: 8674
Comments: 13
Judging by their Twitter feed, the Heritage Foundation really wants you to believe that President Obama "created" a tax break for private jets in "his own stimulus." But the charge is undercooked, and if Heritage investigative reporter Lachlan Markay had taken a real look at the Recovery Act's tax provisions rather than spitting up the first convenient Associated Press article he "investigated," he would know this doesn't make sense. First, the tax break in question was "created" in 2002 by Sec. 101 of the Job Creation and Worker Assistance Act of 2002, which added the tax breaks for "transportation property" to the federal tax code as part of a new subsection, 168(k). (Sec. 103 of the Economic Stimulus Act of 2008, also not Obama's brainchild, modified the purchase dates to which 168(k) applies.) Second, the Recovery Act extended the time window of section 168(k), but "transportation property" is only one of a broad range of corporate purchases to which the subsidy applies. Nobody in this administration "created" this tax break, and the Recovery Act's extension of business tax relief was not nearly so specific as Heritage pretends. So there's nothing hypocritical about President Obama criticizing tax breaks for corporate jets, and it's telling that Heritage doesn't engage the actual argument the president was making. Matt Yglesias explains why this provably false charge is likely just the beginning of a broader strategy: We may be in for a dozen rounds of this kind of myth-making. The White House has put on the table the idea that we should raise tax revenue without necessarily raising tax rates. That means closing loopholes. But congressional Republicans say they're opposed to any increases in tax revenue. Now everyone knows that the tax code contains lots of unjustifiable loopholes, so the White House can gain a strong rhetorical upper hand by highlighting specific loopholes. Since the GOP has committed itself to defending each and every loophole no matter how absurd they're going to need to engage in a lot of desperate smokescreens like this to avoid engaging directly with the core question. The right's anti-tax zealotry is so fierce that the GOP walked away from a 5-to-1 ratio of cuts to taxes in the debt talks with the White House, and any GOPer who dares acknowledge that raising revenues by closing loopholes is a good idea gets the full force of Grover Norquist's wrath. With revenues at a 60-year low thanks to the failed Bush tax cuts and the recession, that's an irresponsible public policy stance. Heritage and the rest of the right-wing machine are welcome to be irresponsible. But that doesn't permit them to make things up. If they're honest, they'll issue a sweeping correction acknowledging their charge that President Obama "created" a tax break from private jets is utterly false. Too bad — for a second, it was nice to think that the right might finally acknowledge that the Recovery Act was loaded with tax cuts. UPDATE: The tax extension deal President Obama made with Republicans in December jumped the deductions allowed under section 168(k) to 100 percent of a business's investment in various properties without modifying the underlying language about what is deductible. The president cited the corporate jets writeoff repeatedly yesterday to emphasize that by taking all tax loopholes off the table in these debt talks, Republicans are risking American economic growth to make an ideological point.
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#1. To: All (#0)
Liars, Damn liars and REPUBLICANS.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Uh-HUH. Another "unbiased" news organization, no doubt.... You are such a LOSER. Media Matters Action Network has launched Political Correction, a new project aimed at holding conservative politicians and advocacy groups accountable. Do a google search for "media matters" +lies, and you get 2,270,000 results. Yea-bob, ANOTHER unimpeachable source for news, that you have presented. Media Matters- when they can't get "their" message out, they create a "watchdog" group, with its own fancy name... to spew the same DISINFORMATION. Why? Rule of Disinformation #22. Manufacture a new truth. Create your own expert(s), group(s), author(s), leader(s) or influence existing ones willing to forge new ground via scientific, investigative, or social research or testimony which concludes favorably. In this way, if you must actually address issues, you can do so authoritatively.
Socialists & Democrats want you to do one thing: Oh, and BTW... Socialists & Democrats want you to do one thing: 7. Question motives. Twist or amplify any fact which could so taken to imply that the opponent operates out of a hidden personal agenda or other bias. This avoids discussing issues and forces the accuser on the defensive. You are such a LOSER. 5. Sidetrack opponents with name calling and ridicule. This is also known as the primary attack the messenger ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as “kooks”, “right-wing”, “liberal”, “left-wing”, “terrorists”, “conspiracy buffs”, “radicals”, “militia”, “racists”, “religious fanatics”, “sexual deviates”, and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
CHECK-MATE. #27 use very large and bold fonts. This gives the impression that you are forceful and manly and not trying to overcompensate for being a man with a small penis who is routinely asked "Is it supposed to be this soft?"
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Tell me again how I lost the argument.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
No Senators from Kansas voted for the stimulus. But this is the wrong thread.
I never stated that a Senator from Kansas did. This article clearly shows that the tax break was NOT in the stim. The point on the other thread was that had you or Padlock bothered to do a modicum of research you'd have found that the current governor then Senator Brownback of KS defended this tax break PRIOR to the stim being passed. Since the break was preserved and Brownbeck's "constituent" taken care of, all Brownback had to do was vote "no". Had that break been gutted, he probably would have filibustered. Paddy stopped arguing because he knew he was beaten. You came in after closing time.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
No Senators from Kansas voted for the act. That is a fact. All you offer is speculation.
I never stated that a Senator from Kansas did. Stop being naive.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Now the industry is desperately trying to turn things around with public appeals to “cool the overheated rhetoric on the use of business jets,” as Senator Sam Brownback, Republican of Kansas, said last week. Mr. Brownback represents a state rich in aviation history and jobs. Two business-aircraft makers, Cessna and Hawker Beechcraft, are based in Wichita. Now the industry is desperately trying to turn things around with public appeals to “cool the overheated rhetoric on the use of business jets,” as Senator Sam Brownback, Republican of Kansas, said last week. http://libertysflame.com/cgi-bin/readart.cgi?ArtNum=21723
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
Why do asswipe baby killing liberals hate people flying in jets?
Because people like you are like babies who throw PM snit fits when they get their feelings hurt on the internet.
America...My Kind Of Place... "I truly am not that concerned about [bin Laden]..." "THE MILITIA IS COMING!!! THE MILITIA IS COMING!!!" I lurk to see if someone other than Myst or Pookie posts anything...
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#2. To: war (#0)
Title: Heritage Lies About Origin Of Tax Breaks For Jets
Source: Political Correction
URL Source: http://politicalcorrection.org/blog/201106300011 About Us Media Matters Action Network is a progressive research and information center dedicated to analyzing and correcting conservative misinformation in the U.S. media; ensuring accuracy, appropriate balance, and accountability in the media through targeted public action campaigns; empowering and expanding progressive voices in the media by providing a full range of resources to assist the larger progressive community in creating and disseminating progressive information and views; and engaging in other activities at the confluence of progressive thought, policy, and media.
"You "say" the most iodtic things..." --our local dummy DwarF
#3. To: war (#0)
CHECK-MATE.
"You "say" the most iodtic things..." --our local dummy DwarF
#4. To: Capitalist Eric (#2)
Another "unbiased" news organization, no doubt....
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#5. To: Capitalist Eric (#3)
(Edited)
Oh, and BTW...
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#6. To: A K A Stone (#0)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#7. To: war (#6)
(Edited)
#8. To: A K A Stone (#7)
(Edited)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#9. To: war (#8)
#10. To: A K A Stone (#9)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#11. To: A K A Stone (#9)
All you offer is speculation.
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
#12. To: war (#11)
#13. To: A K A Stone (#12)
--GW Bush
--Sarah Palin's version of "The Midnight Ride of Paul revere"
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