Aircraft makers defend tax break Atlanta Journal Constitution
During a taut news conference June 29, Obama pointed to corporate jets as an example of a tax break that should be sacrificed in service of the national debt.
The hubbub resonates especially loudly in Georgia. Savannah is home to Gulfstream Aerospace, and the state has nearly 7,000 manufacturing jobs in general aviation. That term refers to basically all aircraft not designated for the military or airlines.
Georgia’s general aviation manufacturing jobs add up to an annual payroll of $445.4 million, according to the General Aviation Manufacturers Association. There are 5,970 active general aviation aircraft based in Georgia and 19,495 pilots in the state, the trade group told The Atlanta Journal-Constitution. General aviation manufacturers across the country spend $312.7 million with Georgia suppliers every year.
The industry argues that it does not necessarily conform to a “fat cat” generalization. Most business flights carry midlevel staffers rather than chief executives, and many fly into airports without commercial airline access. One of the more common purchases is the Cessna Citation Sovereign, priced at roughly $17.5 million.
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