Private jets are taxed considerably less than commercial air, currently paying only 22 cents per gallon in jet fuel taxes. The FATCAT Act which will increase the jet fuel tax to $1.95 per gallon, and eliminate exemptions for logging and oil exploration. The new revenues will go toward air quality monitoring and investments in clean, affordable public transit.
Billionaires traveling on private jets should not be paying less in taxes than those flying commercial — especially when those taxes will support critical investments in public transit in the fight against climate change!
In just one hour, a single private jet can emit two metric tons of carbon dioxide, making this an important step forward in holding the ultra-rich accountable for their climate damage, while also disincentivizing the behavior at the same time.
The fact is private jets pay just a tiny percentage of their costs for air traffic control. Although they make up about 16% of the flights handled by the system, private jet taxes contribute only about 2% of the system's funding.
Meanwhile, in topsy-turvy fashion, despite paying far less in aviation taxes, private jet travelers are among the richest people in U.S. society. The median net worth among private jet owners is $190 million, and the vast majority are male, over 50, with careers in banking, finance, and real estate.
Let's be clear: these billionaires have a huge impact on our climate. According to a report by the Institute for Policy Studies and Patriotic Millionaires, the wealthiest 1% of air travelers are responsible for about 50% of all passenger flight carbon emissions.
Private jet users should pay for the environmental damage caused by their extravagant choices. Revenues from this legislation will be transferred to the Airport & Airway Trust Fund and the Clean Communities Trust Fund to expand environmentally sound transportation alternatives, including passenger rail and bus routes near commercial airports.
It's time to make polluters pay, and direct the income toward transportation alternatives that are good for the planet. Click here to sign and send your letters to Congress now!
Thanks for taking action,
Drew and the 198 ways to tax the bastards causing the crisis crew