A proposed tax hike on private jet fuel could raise $1.8 billion a year for sustainable transit.
by Chuck Collins and Omar Ocampo, Inequality.org
Senator Edward Markey (D-MA) recently introduced legislation to increase the excise tax on private jet fuel. Representative Nydia Velazquez (D-NY-07) introduced complimentary legislation in the House. The Markey-Velazquez proposal would raise the existing excise tax from 22 cents to a $1.95 per gallon.
This would effectively levy a $200 tax on every ton of carbon emitted by a private jet. The tax would not apply to commercial flights or smaller private planes that use aviation gas.
Under the Markey-Velazquez plan, the revenue from the tax would go to the Airport & Airway Trust Fund and a newly created federal Clean Communities Trust Fund to support air monitoring for environmental justice communities and long-term investments in clean, affordable public transit across the country, including energy-efficient bus routes and passenger rail near commercial airports.
Recent Posts
FBI Making List Of American “Extremists,” Leaked Memo Reveals
Take Action Now Are you on Trump’s naughty list?By Ken Klippenstein, KenKlippenstein.com Attorney General Pam Bondi is ordering the FBI to…
We’ve Reached The Medicare For All Tipping Point
Take Action Now With the health care crisis spiraling out of control, a pivotal majority of Americans now support a single-payer system.By David…
Zohran Mamdani & Bernie Sanders Join Striking Starbucks Workers
Take Action Now ‘This is a union town.’ Zohran and Bernie join the Starbucks picket line to demand the coffee giant reach a fair contract…
Canadian Liberals Fear Closing Arms Export Loophole Would Anger U.S.
Take Action Now A leaked briefing document gives the full picture behind the government’s talking points.By Alex Cosh, The Maple A leaked Liberal…