If it Falls, Tax It
There is nothing -- nothing -- this Administration won't try to tax the bejeebus out of. For yet another example, let's go to the U.S. Parachute Association, courtesy of my friend Ed Lambert:
On April 11, one day after President Obama unveiled his 2014 budget containing a new $100 per flight user fee, USPA wrote to the president explaining how such a fee would devastate businesses that operate skydiving airplanes. The new fee would apply to each flight by a turbine aircraft in controlled airspace. “It is clear that no one within the administration understands that turbine jump planes routinely make up to 25 flights per day. An operator with one turbine airplane could pay $2,500 each day in user fees; an operator with two aircraft could pay $5,000 each day,” said Ed Scott, USPA’s Executive Director. USPA pointed out that those same operators already pay between $158 and $263 per aircraft per day in federal fuel taxes on jet fuel. USPA described a new user fee as “inequitable, duplicative and (requiring) a new, costly bureaucratic process to assess and collect the fee.” USPA requested that the president withdraw his aviation user fee proposal.
What industry do you think Obama will try to destroy next week?