“The 1% can’t free ride on our environment and our infrastructure at a discount,” said SenMarkey, boosting new legislation supported by Chuck99to1 in a new piece for commondreams.
excise taxes on private jet fuel. Democratic New York Representative Nydia Velasquez has introduced complimentary legislation in the House.
The legislation was in part inspired by a report released by the Institute for Policy Studies and the Patriotic Millionaires,“Working families shouldn’t subsidize the ultra-wealthy to fly private and destroy our environment.” Private jets do not pay their fair share of the costs of operating the air control system. Private jets make up approximately one out of every six flights handled by the Federal Aviation Administration but contribute just 2% of the taxes that make up the trust fund that primarily funds the FAA.
Tax revenue generated by the FATCAT Act would be directed 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 transportation across the country—including passenger rail and bus routes near commercial airports.
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