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.

  • 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

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

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

Congo is spending 22% of its scarce revenue on security - Minister

Congo is spending 22% of its scarce revenue on security - Minister

Another African country is set to get a Russian embassy

Another African country is set to get a Russian embassy

Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future

Medic West Africa 2024: A resounding success in fostering collaboration and innovation for a brighter healthcare future

10 African countries with the most troubling external debt in 2024

10 African countries with the most troubling external debt in 2024

10 African countries with the least soft power influence over the world

10 African countries with the least soft power influence over the world

Kenyan government rejects calls to ban TikTok, recommends tighter control over

Kenyan government rejects calls to ban TikTok, recommends tighter control over

Congo accuses Apple of conflict minerals in its supply chain

Congo accuses Apple of conflict minerals in its supply chain

Top 10 African countries with the highest fuel prices in April 2024

Top 10 African countries with the highest fuel prices in April 2024

The gold trade in Uganda makes a huge comeback

The gold trade in Uganda makes a huge comeback

ADVERTISEMENT