President Obama took time during his press conference today to scold Republicans for supporting tax “loopholes” for corporate jets. But just two years ago, the president was singing a very different tune:
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.
He first joined the chorus of politicians in Washington scolding executives for using their private jets after receiving bailout funds. He then signed the stimulus bill into law to give the same businessmen and women tax breaks to buy their own planes. And today Obama scolds Republicans for supporting his own stimulus tax law.
That’s not just a flip-flop. No, Obama has just pulled off a new triple salchow of political flip-flops — the flip-flop-flip.