The Stop Subsidizing Private Jets Act of 2026 would close loopholes allowing billionaires to deduct private jet costs as business expenses, redirecting tax fairness to working families.
A new bill introduced in the U.S. House of Representatives aims to close tax loophole s that allow billionaires to deduct the full cost of private jets as business expenses, a practice critics say unfairly shifts the tax burden onto working families.
The Stop Subsidizing Private Jets Act of 2026, sponsored by Democratic Reps. Eugene Vindman of Virginia, Kristen McDonald Rivet of Michigan, and Greg Landsman of Ohio, would end provisions that enable the ultra-wealthy to write off luxury aircraft purchases and related costs like fuel, pilots, and interior decoration.
Under current law, private jets valued at $100 million or more are not classified as luxury vehicles, allowing owners to deduct the entire purchase price in the year of acquisition-a benefit not available for most business assets, which must be depreciated over time. This loophole was expanded by the 2017 Tax Cuts and Jobs Act and renewed in 2025's One Big Beautiful Bill Act, which included 100% bonus depreciation for business assets including aircraft.
The legislation targets a system where private jet travel, which accounts for a significant portion of air traffic with one private jet for every six commercial planes, contributes only 2% of taxes to the Federal Aviation Administration's Airport and Airway Trust Fund. In contrast, commercial airline passengers pay a 7.5% federal excise tax on tickets to fund the same infrastructure.
The bill would also eliminate deductions for expenses like fuel, pilot salaries, and in-flight services for private jets, while preserving exemptions for aircraft used for firefighting, emergency medical services, flight instruction, skydiving operations, and certain commercial flights available to the public. The proposed changes are estimated to save taxpayers billions of dollars over the next decade, though the exact amount depends on future private jet sales and usage patterns.
Supporters argue the measure corrects a fundamental unfairness in the tax code.
'The fact that our tax dollars are still funding tax breaks for someone's private jet is insane,' said Rep. Landsman in a statement.
'We have to fix the tax code so the super wealthy stop getting special treatment, and our small businesses and farmers can thrive. ' Rep. McDonald Rivet added, 'It's ridiculous and unfair that the ultra wealthy get million-dollar tax breaks for their private jets while working families are seeing their benefits cut.
' The bill is backed by advocacy groups like the Private Jet Accountability Project at the Institute for Policy Studies, which has long campaigned against what it calls corporate welfare for the rich. While the bill faces an uncertain future in a divided Congress, its introduction signals growing bipartisan concern over wealth inequality and the influence of the private jet lobby
Private Jets Tax Loophole Wealth Tax Billionaire Subsidies Stop Subsidizing Private Jets Act
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