What a Relief!! No Taxes for CEO Jets.

Tuesday Apr 04, 2017

8:40 AM PDT



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Used to be “take from the rich and give to the poor” was a good thing.

Used to be “take from the rich and give to the poor” was a good thing.

This will warm the cockles of your 99% hearts:

The director of President Donald Trump’s National Economic Council told a room full of chief executives on Tuesday that they likely don’t need to worry about their private jets being taxed.

Speaking at a White House “town hall” with executives about infrastructure, NEC Director Gary Cohn said the Trump administration wants to upgrade air-traffic control as part of an infrastructure plan.

He said the CEOs may be against a forthcoming plan if there’s a tax on general aviation — which would include their private jets.

But he added: “We’re probably not even going to tax general aviation.”

For those plebes too poor to have their own plane, “general aviation” is “the term for all civil aviation operations other than scheduled air services and non-scheduled air transport operations for remuneration or hire” and includes private plans and corporate jets.

So kick back in your Gulfstream and enjoy the ride.

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