Tuesday, September 13, 2011

President Obama's proposal could hurt Kansas' two largest industries

By Megan Strader KWCH 12 Eyewitness News
5:59 p.m. CDT, September 13, 2011

(WICHITA, Kan.)  President Obama has laid out his economic stimulus and jobs plan, but two of the ways he wants to help pay for that plan, aren't popular with a lot of Kansans.

The president has proposed changing the length of time companies can use to deduct the cost of purchasing a business jet, impacting several of Wichita's largest employers.

He's also proposing changing how oil companies can deduct the cost of digging wells.

Oil and aviation make up two of Kansas' largest industries. Coming up at ten, we're going to break down the impact President Obama's plan would have on local companies.

http://www.kansascw.com

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