- People are pointing with anger to a provision in the Senate tax bill passed on Saturday that appears to give private jet owners a tax break.
- The change is actually a technical clarification that prevents operators of private charter flights from being hit with a tax designed for commercial flights.
- Democratic Sen. Sherrod Brown earlier this year introduced a bill with similar language to the changes in the GOP tax bill.
ADVERTISEMENT
People are furious that the GOP tax bill has a break for private jet owners — but it's not what it seems
The Republican tax bill appears to give a big tax break to private jet owners, but its actually a small correction to solve a long-running fight with the IRS.
ADVERTISEMENT
Recommended articles
As the American public digests the passage of the Republican tax bill in the Senate, one provision of the bill has seen particular derision Saturday morning.
Opponents of the bill, the Tax Cuts and Jobs Act (TCJA), are pointing to a provision they say gives a tax break to private jet owners.
"
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
500 millionaires fall off in Kenya - here’s why
Top 10 African countries with the most centi-millionaires in 2024
7 most influential Africans in the world 2024 -TIME
5 African countries with the least expensive freelancers
African billionaires are fleeing their home continent amidst economic downturn
Fear of a new epidemic pushes President Putin to collaborate with Africa
Nigerian chess master to begin 58-hour Guinness World Record attempt at Times Square today
5 African countries with the highest number of people not connected to the internet
