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The ‘Big Beautiful Bill’ Would Subsidize the Billionaire Private Jet Class [1]

['Chuck Collins', 'Helen Flannery', 'Dan Petegorsky', 'Bella Devaan']

Date: 2025-07

The private jet lobby is pushing hard for a massive tax break for billionaires and centi-millionaires that use the most polluting form of transportation on the planet.

Legislation rapidly moving through Congress, the so-called “Big Beautiful Bill” — really a Big Ugly Grift (BUG) — includes a massive tax subsidy for private jet buyers. Instead of corporations deducting the purchase of their jets over several years of their useful life, the BUG includes 100 percent “bonus depreciation” in the year of purchase.

For example, 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. This amounts to a massive taxpayer subsidy, as ordinary taxpayers pick up the tab for the private jet industry and billionaire high flyers.

From our IPS research on private jets, we know that regular taxpayers and commercial air travelers subsidize the high-flying excess of private jet owners. In the U.S. private jets use seven percent of the airspace but only contribute 0.6 percent of the cost of using it.

As wealth has concentrated into the vaults of the ultra-wealthy, the demand for private jets is surging. Every billionaire appears to need one or two. As a result, private jets are one of the largest and fastest growing sources of air and climate pollution. In 2023, private jets emitted 19.5 million tons of greenhouse gas (GHG) emissions, a 25 percent increase over 2013 levels.

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[1] Url: https://inequality.org/article/the-big-beautiful-bill-would-subsidize-the-billionaire-private-jet-class/

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