{"id":25592,"date":"2007-05-14T01:01:01","date_gmt":"2011-05-19T05:30:31","guid":{"rendered":""},"modified":"2011-05-19T05:30:31","modified_gmt":"2011-05-19T05:30:31","slug":"obama_taxes_hike_for_health_care_plus_warren_buffett_balks_at_plane_tax2","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2007\/05\/14\/obama_taxes_hike_for_health_care_plus_warren_buffett_balks_at_plane_tax2\/","title":{"rendered":"Obama: Taxes Hike for Health Care; Plus: Warren Buffett Balks at Plane Tax"},"content":{"rendered":"
\n

RUSH: A couple of notes on taxes, ladies and gentlemen. In the New York Times today, there\u2019s a story about Obama saying that he will raise taxes ‘on the top 1% of American earners,\u2019 and he will use the money to pay for health care. We\u2019ve heard this before over and over, from any Democrat. He didn\u2019t suggest, however, that he would raise other taxes to pay for expanded services. He wants to roll back the Bush tax cuts in the top 1% of people who ‘don\u2019t need it,\u2019 he said. It\u2019s none of your business, sir. It\u2019s not the government\u2019s job to assign ‘need\u2019 to people. If people start accepting the fact that government can assign various incomes to certain people because ‘that\u2019s all they need,\u2019 and then go take whatever else is left, then we are in deep doo-doo. We\u2019re going to have to fight this tax battle all over again. If these guys win the White House, folks, hold onto your back pockets because it\u2019s not about raising money. It\u2019s about control over you.<\/emphasize> It\u2019s about expanding the power of government to intrude in your personal life. The second story… We all know that the Democrats despise tax cuts, especially for The Rich. Warren Buffett is The Rich. He\u2019s the second wealthiest guy in the fruited plain. He opposes, for example, repealing of the death tax. He thinks that the government should take it all, that you ought to not be allowed to even shelter 45 percent. Well, during all this talk about the death tax, he opposed to eliminating it. He thinks the government should continue to tax inheritances at confiscatory rates. <\/p>\n

Yet, get this headline from Bloomberg: ‘Buffett Battles Bush as Corporate-Jet Owners Fight Tax Increase.\u2019 Well, I wonder what this is about? Well, let\u2019s read it and find out. ‘U.S. airlines, which already share the sky with corporate jets, are pushing to share their tax burden too. President George W. Bush is proposing to cut the amount passenger carriers such as American Airlines and Continental Airlines pay in federal taxes each year by $1.68 billion. Most of that obligation would be shifted to small-jet operators, including General Motors Corp., Exxon Mobil Corp. and NetJets Inc., the business-jet charter company,\u2019 which Warren Buffett owns. NetJets is a fractional ownership plan. You give Warren Buffett X-number of dollars and you get so many hours on one of his airplanes every year. A lot of people do this fractional ownership business. Now, in the Bush plan, there\u2019s no tax cutting. They\u2019re just going to shift the burden. The way it works right now is, the government collects $2,015 in taxes every time a full Boeing 757 flies between New York and Florida. A Gulfstream IV, a GIV. — that\u2019s what that is, for those of you watching on the Dittocam. My model back there is of a GIV-SP.<\/p>\n

If you fly on a GIV along a similar route, the tax that the owner pays is $236. ‘Under Bush\u2019s plan, the operators of the Boeing jet would pay $1,298, and owners of the Gulfstream would pay $837,\u2019 up from $236. The reason for this is — and, by the way, the passengers are paying the tax. This business that the airlines are paying the tax, it\u2019s built into the ticket price. One of the reasons or purposes of the tax is to help defray costs of the air traffic control system — and the airline said, ‘Wait, that\u2019s not fair! We got all these corporate jets out there, and they\u2019re using air traffic control every bit as much as we do, but they\u2019re not paying nearly as much.\u2019 They may have a point, to a certain extent, but the really don\u2019t when it comes to passengers and they\u2019re carrying far more passengers than private jets are. The number of airplanes, private vs. commercial in the air at any one time, I don\u2019t really know the breakdown of this. But Warren Buffett, he owns a lot of them. Netjets owns beaucoup corporate jets, and he doesn\u2019t want to pay that tax. Isn\u2019t that fascinating? He doesn\u2019t want to pay the tax increase — a tax increase on the rich! You have to say that it is, and he\u2019s one of the rich guys. I just found this a little interesting. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: A couple of notes on taxes, ladies and gentlemen. In the New York Times today, there\u2019s a story about Obama saying that he will raise taxes ‘on the top 1% of American earners,\u2019 and he will use the money to pay for health care. We\u2019ve heard this before over and over, from any Democrat. […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nObama: Taxes Hike for Health Care; Plus: Warren Buffett Balks at Plane Tax - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/live-rush-limbaugh.pantheonsite.io\/daily\/2007\/05\/14\/obama_taxes_hike_for_health_care_plus_warren_buffett_balks_at_plane_tax2\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Obama: Taxes Hike for Health Care; Plus: Warren Buffett Balks at Plane Tax - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: A couple of notes on taxes, ladies and gentlemen. 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