The proposed legislation, S. 173, aims to amend the Internal Revenue Code of 1986 to increase excise taxes on the fuel used by private jets. The bill sets new tax rates for non-commercial aviation fuel and introduces adjustments for inflation starting in 2027. Additionally,...
Simple Explanation
The bill wants to make flying private jets more expensive by adding extra taxes to the fuel they use, and then use that money to help make air cleaner and improve buses and trains, especially for people in places that need it most.