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FlyUSA, a private aviation provider, gushed in a blog post that with final passage of the unpopular budget reconciliation package, "business jet ownership has never looked more fiscally attractive or more fun to explain to your accountant."

"A corporation purchasing a $50 million private jet could potentially deduct the entire $50 million from their taxes in the year of the purchase, rather than spreading the deduction over many years," Collins wrote. "This amounts to a massive taxpayer subsidy, as ordinary taxpayers pick up the tab for the private jet industry and billionaire high flyers."

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[-] Lucky_777@lemmy.world 15 points 2 weeks ago

How could Biden do this to us?

[-] TwinTitans@lemmy.world 10 points 2 weeks ago

Why private jets are a thing is just ridiculous.

this post was submitted on 07 Jul 2025
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