FLASHBACK: AP: Stimulus includes tax break to promote private jet sales

June 29, 2011 -- 12:42 PM
Wed, 2011-06-29 12:42

During President Obama's press conference today, he scolded Republicans for demanding tax cuts for corporate jets.

From the Associated Press in 2009:

Just a few months after lawmakers scolded auto executives for flying to Washington in private jets, Congress approved a tax break in the stimulus package to help businesses buy their own planes.

The incentive -- first used to help plane makers recover from the 2001 terror attacks -- sharply reduces the up front tax bill for companies who buy assets like business planes.

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