That jet-tax loophole derided by the president is one he himself proposed as part of the stimulus approved by a Democratic Congress. Does the left teleprompter know what the right teleprompter is saying?

IBD Editorials

EXCERPTS:

As Rob Bluey of the Heritage Foundation points out, the so-called loophole — the incentive — first used to help plane-makers recover from the 2001 terror attacks, was included as part of the president’s own stimulus package, designed to save or create jobs in the aircraft manufacturing industry.

Bluey notes that U.S. companies such as Cessna and Gulfstream have facilities that help build these corporate jets in 15 states.

Pete Bunce, president of the Washington-based General Aviation Manufacturers Association, recalls that Obama was just at an Alcoa Inc. plant in Bettendorf, Iowa, on June 28 emphasizing the importance of the company’s products to airplane manufacturers. Now, Bunce says, “He’s going after a segment of the aircraft industry that uses Alcoa’s products. We’re just scratching our heads.”

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