Corporate-jet tax hike nonnegotiable?

The day before President Obama harped on the need to increase taxes on corporate-jet owners, Sen. Charles Schumer, D-N.Y., said on the Senate floor that the GOP “would rather stop paying our men and women fighting overseas, force deep cuts to Social Security and Medicare, and throw even more Americans out of work than tell big oil companies and corporate-jet owners to pay their fair share.” He mentioned corporate-jet owners two more times, a day before Obama targeted them six times. The Daily Beast reported: “Democrats say they won’t back down. When asked to handicap where the tense talks over federal cuts stood, one Democratic Hill staffer described gutting the tax incentives for jets and other profitable industries simply as ‘the lowest hanging fruit, pretty much nonnegotiable.’”