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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: joefromspringfield who wrote (109105)	7/29/2011 1:13:20 PM
From: d[-_-]b	6 Recommendations Respond to of 224755

Obama is a lying sack of shit: Congress wrote those depreciation schedules into law in 1986, leaving it to the Treasury Department to adjust them as appropriate. Two years later, Congress revoked that authority, presumably due to some well-placed lobbying. Yet on three separate occasions, Obama himself has championed even faster depreciation for business aircraft in the name of stimulating the economy. The most recent law, signed by Obama in December, allows businesses to write off the entire cost of planes purchased between September 8, 2010, and December 31, 2011, in the first year.