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
In a Country That Needs Heroes, Here Are a Few Standouts This Election Season
Take Action Now Right now, the United States is unhappy enough to need a lot of heroes – and during this election year, many have emerged. Here are…
DSA Is Eyeing a 2028 AOC Presidential Run
Take Action Now Members of the Democratic Socialists of America are thinking seriously about a national presidential campaign for Alexandria…
Israel Is Accelerating Plans to Annex Neighboring Lands
Take Action Now Israel’s ethnic cleansing of southern Lebanon and Gaza has reached a scale unseen since the Nakba. The history of Israel’s offensives…
The Democratic Party Still Hates the Left
Take Action Now The Democratic Party is terrified of even small liberal reforms and will not abide left leaning democrats thwarting their plans for…