Thor Benson is a staff writer for Common Dreams.
U.S. President Joe Biden proposed a major tax increase on the fuel used for private jets on Monday in his latest budget request.'The budget would gradually raise the tax on fuel used by private jets from about 22 cents per gallon now to $1.06 per gallon in five years,' The Associated Press reports. 'The Transportation Department says the increase would help stabilize funding for management of the national airspace, which is mostly paid by airline passengers.
co/GWz0n0y85q— Ed Markey March 12, 2024 While private jets account for 7% of U.S. flights, the AP notes, they contribute to less than 1% of the taxes used to fund public airports.'We should make private jets pay the real environmental and social costs of this indefensible form of luxury travel,' Chuck Collins, director of the program on inequality and the common good at the Institute for Policy Studies, told Common Dreams.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Dunleavy proposes tax breaks for companies that spend money on worker housing and child careThe measure could cost the state more than $260 million per year in lost revenue, according to an assessment by the Department of Revenue.
Lire la suite »
Regulator proposes capping credit card late fees at $8, latest in Biden campaign against 'junk fees'The Consumer Financial Protection Bureau estimates that banks made roughly $14 billion in credit card late fees a year.
Lire la suite »
Biden Proposes Measures to Make Housing More AffordablePresident Biden addresses the need for affordable housing and proposes measures such as tax credits for first-time homebuyers and those who sell their starter homes. However, critics argue that these measures could increase demand and drive up home prices.
Lire la suite »
Everything you need to know about car taxOur guide answers all your questions about vehicle excise duty tax, also known as road tax
Lire la suite »
The child tax credit debate is a preview of next year’s big tax fightsPresident Biden wants to tax the wealthy to pay for expanded social safety net benefits. If former president Donald Trump wins again, expect different ideas.
Lire la suite »