Wednesday, November 28, 2012

Obama discovers a tax he doesn't like

Amazingly, President Obama found a tax he didn't care for. That's because Europeans--not he--are collecting it.

From the Wall Street Journal:
Congress may love taxes, but not if foreigners are taxing Americans and keeping the money. So in September the Senate passed by rare unanimous vote a bill directing the Transportation Secretary to protect U.S. carriers from the air tax if he deems it necessary, and the House followed upon returning after the election.

"The Obama Administration is firmly committed to reducing harmful carbon pollution from civil aviation both domestically and internationally," said a White House spokesman on Tuesday, but “the application of the EU [tax] to non-EU air carriers is the wrong way to achieve that objective." It's good to know there’s at least one tax this Administration doesn't like.
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