Source: Inequality.org
by Chuck Collins & Emily Wagner
“One of the great injustices of our current tax system is that working people often end up subsidizing the luxury consumption of the billionaire class. One example of this phenomena can be found in the world of private jets, one of the most ecologically indefensible forms of transformation. The private jet lobby has worked for years to secure tax breaks for aircraft purchases and fuel—and shift their costs on to taxpayers and the commercial flying public. The lobby scored a big win when a 100% bonus depreciation for business assets including private planes was included in the 2017 Trump tax cut. That provision was renewed in 2025’s ‘One Big Beautiful Bill Act.’ ” (05/27/26)
https://inequality.org/article/lawmakers-seek-to-eliminate-private-jet-subsidies/