AP FLASHBACK: Stimulus Package Rewarded Private Jet Purchases…

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

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.

Tags: Debt Ceiling Crisis
Categories:Blogs, Drudge Report

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