Biden Administration Proposes Fivefold Jet Fuel Tax Hike For Bizjets

The Biden administration made good on the President’s State of the Union Address promise to raise taxes on business jet operators by raising the federal tax on jet fuel fivefold over the next five years. The White House’s 2025 budget proposal would boost the current tax of 22 cents per gallon to $1.06 by 2030. … Continue reading Biden Administration Proposes Fivefold Jet Fuel Tax Hike For Bizjets