While the focus in Washington has remained on possible $1 trillion across-the-board budget cuts, business aviation advocates are concerned that negotiations to avoid those cuts could open the door to user fees, extended depreciation or other proposals. Lawmakers are grappling with a law that calls for a penalty known as sequestration – which amounts to $1 trillion in budget cuts over 10 years – if legislators and President Obama fail to reduce the federal deficit by $1.2 trillion. Some ...
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