One of the great injustices of our current tax system is that working people often end up subsidizing the luxury consumption of the billionaire class.

One example of this phenomena can be found in the world of private jets, one of the most ecologically indefensible forms of transformation. The private jet lobby has worked for years to secure tax breaks for aircraft purchases and fuel—and shift their costs on to taxpayers and the commercial flying public.

The lobby scored a big win when a 100% bonus depreciation for business assets including private planes was included in the 2017 Trump tax cut. That provision was renewed in 2025’s “One Big Beautiful Bill Act.”

With that provision in place, if a billionaire buys a $170 million luxury jet, they can deduct the entire purchase as a business expense in the year they buy it, greatly reducing their tax bill. Most business expenses are deducted to reflect their depreciation over multiple years. A purchase of a truck or vehicle, for example, is typically depreciated over five years.

Every day commercial flyers are taxed more heavily for their tickets compared to private jet travelers who are only taxed on their jet fuel.

Current tax loopholes give the ultra wealthy—including both private citizens and businesses—millions in tax write-offs for their luxurious travel, including the costs of planes themselves and related expenditures like private pilots and fuel.

The Private Jet Accountability Project (PJAP) at the Institute for Policy Studies has been working with members of Congress to rollback these subsidies. US Reps. Eugene Vindman (D-Va.), Kristen McDonald Rivet (D-Mich.), and Greg Landsman (D-Ohio) recently introduced the Stop Subsidizing Private Jets Act of 2026.

“Right now, the tax code allows those buying private jets worth tens of millions of dollars to receive enormous write-offs, while middle-class families do not get deductions for basics like gas or groceries. That is wrong,” Vindman said in a statement. “My bill is a commonsense fix that ends these unfair giveaways while protecting farmers, small businesses, and emergency responders who depend on aviation for real business and community needs.”

Today, private jets, even those valued at $100 million or more, are not considered a luxury vehicle, which means the full value can be a business expense write-off. Expenses such as fuel, pilots, decor, and in-flight services are also a write-off. It is estimated that the........

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