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What, exactly, did Obama DO that caused demand for aircraft to fall?
Is their business model so flimsy, that a few offhand comments by the president causes double-digit decrease in demand? Am I supposed to believe that's Obama's fault, rather than a consequence of the global recession?
They are arguing how they are "job creators", and such, but it sounds to me like demand for their product depends on having favorable tax breaks, re: the deprecation schedule of aircraft, which basically means the taxpayer is helping to pay for all these jobs.
it isnt the business model of the jet manufacturers, it is the uncertainty that obama and his policies introduce every time obama opens his mouth.
Quote:
Originally Posted by JazzyTallGuy
If a corporation or wealthy individual honestly has the need or desire and money to buy a corporate jet they will buy one, tax breaks or not.
If they need a tax break as an "incentive" to buy a corporate jet then one has to question just how compelling the need or desire is on their part to make the purchase.
this is true to a point. take the wealthy individual for instance, since they cant take any tax breaks when buying a private jet, they are going to buy one anyway. corporations on the other hand are going to scrutinize their jet purchases, including the depreciation schedule, and if it makes economic sense to buy a jet, they will, if not they wont. sometimes the depreciation schedule is what makes the difference.
Quote:
Originally Posted by JazzyTallGuy
Irony here the same people complaining about ending subsidies and write offs for are also the one complaining about too much government interference.
The manufacturers of corporate jets are just "Talking Their Book" to protect their own interest. I don't blame them but I don't take their rhetoric seriously either. If they survived the downturn from 2008 to 2010 they will survive this.
really? you want to stick with that? remember back in 1993 when clinton pushed for and got a luxury tax on yachts costing more than $100,000? it KILLED the yacht industry in this country, and moved it to new zealand.
it isnt the business model of the jet manufacturers, it is the uncertainty that obama and his policies introduce every time obama opens his mouth.
this is true to a point. take the wealthy individual for instance, since they cant take any tax breaks when buying a private jet, they are going to buy one anyway. corporations on the other hand are going to scrutinize their jet purchases, including the depreciation schedule, and if it makes economic sense to buy a jet, they will, if not they wont. sometimes the depreciation schedule is what makes the difference.
really? you want to stick with that? remember back in 1993 when clinton pushed for and got a luxury tax on yachts costing more than $100,000? it KILLED the yacht industry in this country, and moved it to new zealand.
If business jets provide anywhere near the efficiency and cost savings that their marketing departments say they do I don't see hoiw corporate executives can live without them. Also corporations are making RECORD PROFITS and the number of millionaires and billionaires around the world continue to increase.
A corporation can justify the expense of a business jet much easier than they can for a yacht.
“There are only 15,000 private jets in America. Even if they tax them all at $10 million a piece – of course his proposal does not come close – it wouldn’t make a dent in the deficit. But he is on a political rant and we are just amazed by it all.”[LEFT]
Read more: Jet Industry Furious | Tax Increases | Manufacturing Jobs | The Daily Caller
Duh! Obama on a political rant ??? Tell me it aint so.
[/LEFT]
Oh yeah..ROFL..I remember that one. Yeah Vegas did get quite upset because tourism is a big money maker for them.
And who in the Hell is Obama to tell anyone where to vacation, or to not gamble. Don't see any of us telling him where to vacation! Which he seems to do a lot of that?
If business jets provide anywhere near the efficiency and cost savings that their marketing departments say they do I don't see hoiw corporate executives can live without them. Also corporations are making RECORD PROFITS and the number of millionaires and billionaires around the world continue to increase.
A corporation can justify the expense of a business jet much easier than they can for a yacht.
Analogy FAIL!
you obviously still dont have a clue. it isnt the marketing department that makes decisions, it is the accounting departments of the companies that are considering the purchase of a jet. and they look at EVERYTHING very carefully before deciding to make the purchase or not. things like;
the initial cost of the jet
the savings in time
the depreciation schedule
the cost of having a flight crew on stand by compared to buying commercial tickets
the cost of hanger fees
the cost of maintenance
the cost of fuel
the cost of insurance
the cost of ramp fees
taxes
etc.
if i were the CEO of a large corporation, and i wanted a business jet, and my accountants came to me and said that the cost of flying commercial is lower than buying a business jet, you can bet that i would be stupid to buy the business jet even if my company was making $50 million per month in profits after taxes. the only way i would buy a business jet under those circumstances is if my security was involved, and it was safer for me to fly in a private jet than on a commercial airline. and even then i would look into less expensive alternatives, such as air taxis, and leasing, or chartering a jet.
If a corporation or wealthy individual honestly has the need or desire and money to buy a corporate jet they will buy one, tax breaks or not.
If they need a tax break as an "incentive" to buy a corporate jet then one has to question just how compelling the need or desire is on their part to make the purchase.
"All taxpayers may take reasonable deductions for business expenses...except this new class of villains Obama just created for purely political purposes."
How's that sound to you? Do you suppose equal treatment under the law might possibly be a better system? Doesn't it trouble you that Obama could not get to the centrist tax proposals of the Gang of Six or Simpson Bowles, and instead chose to demagogue this issue--nearly invisible in the context of the debt debate, but of great importance to the people involved? Do you like the idea of putting a few dozen more pages into the tax code to carve out special taxes on one industry?
JTG, I believe you are a better thinker than to defend this deal.
Maybe they need to try to compete by offering superior planes. Those AirBus planes made in the European socialist hellholes are selling in the dozens and no one is buying US jets. And all they can do is blame it on the politicians???
Another unqualified aviation expert making claims about aviation that they have no clue about.
If you actually believe that "no one is buying US jets," then it stands to reason that you have never heard of the Boeing 787 Dreamliner. Which means you are not qualified to talk about aviation matters.
FYI....Airbus sold 574 aircraft to Boeing's 530 in 2010. Yeah, "no one is buying U.S. jets."
Not too long ago Airbus picked up orders for aircraft totaling about 72 billion dollars.
Boeing about one third that amount...
be a good capitalist, blame it all on the unions.
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