President Joe Biden wants the millionaires and billionaires who fly in private jets to pay their fair share of taxes.
“President Joe Biden is proposing a huge increase in fuel taxes for private jets, which his administration is pitching as a fairness issue compared with airline passengers, who pay special taxes on every ticket.
The proposal was included in a $109.3 billion budget request for the U.S. Department of Transportation, which was released Monday.
The fate of the proposal in Congress is unclear. Many of Biden’s budget ideas will founder in the Republican-controlled House. The largest business-aviation trade group came out against the targeted fuel-tax increase, saying private jets help companies succeed and create jobs.” [READ MORE]
