WICHITA, Kan. (AP) President Barack Obama says he wants to give tax breaks to all aviation companies in Kansas so they hire and produce in the state.
But he told Wichita television station KAKE-TV Wednesday he doesn’t want to give somebody who is buying a corporate jet an extra tax break that ordinary people can’t get because they don’t need it and that is not the reason someone would make such a purchase.
The president says people buy corporate jets because they are convenient and the buyers can afford them. He said buyers don’t need an extra tax break, especially when the country is trying to reduce the deficit.
He cited that as an example of a tax loophole that other industries don’t receive, adding the tax breaks do not impact sales.