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Tell Congress: No Subsidies for Private Jets Trump's tax bill includes a big giveaway to anyone buying a private jet. That's an absurd waste. |
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Dear readers,
President Trump’s tax bill, now before the Senate, includes a giveaway to private-jet owners called bonus depreciation. It lets businesses deduct the full cost of equipment, including private jets, immediately -- rather than smaller deductions over many years.
The upshot? This change will make it cheaper for the ultra-rich to purchase and use private jets. And working Americans like us will pay for it (even while the same tax bill slashes Medicare!).
Private jets are an excessive, absurd way for billionaires to get around, driving huge amounts of carbon pollution for often-frivolous trips. Tax law allows business jets to be used for personal use up to 50% of the time!
Add your name and tell Congress: don’t pass any bill that subsidizes private jets at the expense of working Americans.
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Private jets shouldn’t be subsidized by taxpayers -- they should be heavily taxed and restricted.
Trump’s 2017 tax law implemented this same “bonus depreciation” shift, but it is on track to phase out completely soon. That’s why his billionaire cronies are eager to pass it back into law.
(And for what it’s worth, the average private-jet owner can afford a bit more in taxes, with a net worth of $190 million!)
My team at Inequality.org has been leading the effort to investigate the growth in private jet flights, identify solutions, and mobilize the public to fight back.
We’ve published breakthrough reports tracking their skyrocketing carbon emissions, revealing the causes below the radar, and identifying solutions. Our investigations have revealed false “solutions” like so-called sustainable jet fuel. We’ve worked with our readers to send tens of thousands of messages to Washington -- and we’ve seen results, as our ideas get traction in Congress and beyond. Our research and advocacy helped win two big fights in Massachusetts, where activists have (so far) prevented a private-jet expansion at Hanscom Field.
We won’t win this fight in Congress anytime soon. But we must continue sounding the alarm about the devastating impact of private jets, spotlighting the trend, and building our movement to push back.
That’s why we need you to speak out and join the fight against this indefensible means of transport for the ultra-rich: Tell Congress to stop subsidizing private jets for the wealthy.
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Thanks for adding your voice.
Chuck Collins, for Inequality.org & the Institute for Policy Studies
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The Inequality.org team is dedicated to revealing today's absurd wealth inequality -- and solving it. Our weekly free newsletter is the indispensable guide to the latest on our unequal world, in your inbox every Wednesday.
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