CrooksAndLiars: Kelly Loeffler Buys Private Jet With Taxpayer Money

[TheBlackAdder]

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Records indicate that Georgia's interim senator took advantage of a Trump tax cut loophole to fund her campaign jet.


Last February, a Loeffler aide told the Atlanta Journal-Constitution that Kelly Loeffler paid for the jet "out of her own pocket" but recent disclosures show that was a lie. An individual cannot write-off purchases of a jet, only companies can. And with her jet the ownership is vague at best, a shell company, TVPX Aircraft Solutions, seems to have been created for the sole purpose of getting Loeffler a jet on the taxpayer's dime.

Really American put out this internet ad today to make people more aware of Loeffler's shenaningans as Georgians go to the polls again in January.

https://crooksandliars.com/2020/11/kelly-loeffler-buys-jet-taxpayer-money

Per Alternet:

Embedded in that bill is a provision that permits a company to write off the full price of a new or used airplane against the company's earnings. It is not clear how much Loeffler paid for the jet, a 2010 Bombardier Challenger 300 that she has used for campaign travel, but an online listing asks $9.7 million for the same model and year.

Loeffler's federal financial disclosures put the value in the range of $5 million to $25 million, and indicate that the plane is jointly owned by Loeffler and her husband, Jeffrey Sprecher, chair of the New York Stock Exchange.

A Loeffler aide told The Atlanta Journal-Constitution last February that Loeffler had paid for the airplane "out of her pocket," but these disclosures suggest that isn't true.

Individuals cannot write off the purchase of a jet; only companies can. However, the ownership arrangement for this particular jet is opaque. For one thing, the couple chartered the plane under a company called TVPX Aircraft Solutions, which provides an "owner trust" that, among other things, offers anonymity. According the aircraft tracking site Flight Aware, that airplane is "not available for public tracking per request from the owner/operator."

https://www.alternet.org/2020/11/records-suggest-sen-kelly-loeffler-took-advantage-of-a-trump-tax-loophole-to-write-off-campaign-jet/

Hmm.

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[Faux pas]

1. Kickin' with disgust!

Thieving assholes.

[soothsayer]

2. Really American made a video already

https://www.democraticunderground.com/100214549695

[CC]

3. Even worse for Georgia

Even worse for Georgia she bought a Canadian made plane instead of US & Georgia made Gulfstream. Gulfstream employees noticed and are not happy.

[Celerity]

4. K & R