The White House and Senate Democrats. That’s who:
Listening to the White House, you’d think the key to averting the across-the-board spending cuts (the dreaded “sequester”) set to in place on March 1 is closing the tax break for owners of private jets.
Here was White House Press Secretary Jay Carney last week:
“How do you explain to a senior that we’re doing this, asking you to sacrifice, but we’re not saying that corporate jet owners should lose their special tax incentive.”
On Wednesday, Carney summed up the Republican position this way: “We’d rather see our national security undermined than corporate jet owners, God forbid, give up their tax break.”
And President Obama in an interview Wednesday with KAKE-TV in Wichita: “What we don’t want to do is give somebody who’s buying a corporate jet an extra tax break.”
Carney has brought up the corporate jet tax break at every single briefing this week.
Listening to the White House, you might think that the “balanced” Democratic plan to avert the spending cuts would close that loophole for private jets.
But you would be wrong.
The Senate Democratic plan – which has been endorsed by the White House and is, in fact, the only Democratic plan actively under consideration right now – doesn’t touch corporate jets.
The story goes on to note that ending the tax break would only raise a minuscule amount of money—which has been pointed out more than once in discussions regarding the emptiness and cynicism of faux-White House/Democratic rage over tax breaks for private jets. The only reason a tempest arose in this particular teacup was that the Obama administration and the rest of the Democratic party thought that it was more important to engage in class warfare than to enact responsible fiscal policies. And now we learn that neither the administration nor its allies in the Senate could even live up to their class warfare rhetoric.
And people wonder why Americans get cynical about politics.