FlyUSA, a private aviation provider, gushed in a blog post that with final passage of the unpopular budget reconciliation package, "business jet ownership has never looked more fiscally attractive or more fun to explain to your accountant."

"A corporation purchasing a $50 million private jet could potentially deduct the entire $50 million from their taxes in the year of the purchase, rather than spreading the deduction over many years," Collins wrote. "This amounts to a massive taxpayer subsidy, as ordinary taxpayers pick up the tab for the private jet industry and billionaire high flyers."

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[–] 10 points 1 year ago (1 child)

Why private jets are a thing is just ridiculous.

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    [–] 14 points 1 year ago (2 children)

    How could Biden do this to us?

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  • 16 comments in c/news@lemmy.world view that post
    [–] 63 points 1 year ago

    One of many gifts given from billionaires, to billionaires, paid for by you! Thank you for your generosity. I’m sure they deserve it.

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  • [–] 47 points 1 year ago (2 children)

    We dont even have healthcare to take.

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  • [–] 18 points 1 year ago (1 child)

    Oh boy, but in a year and a half (in a new Congress, assuming elections, that are fair, and actually occur) we’re sure gonna show ‘em and fix this, right?

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  • [–] 7 points 1 year ago

    You betcha! I mean one of two things has got to happen. Either all that wealth will finally get down to the rest of us, or the “progressive” party will actually be…. progressive… -ish.

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  • [–] 14 points 1 year ago

    Wow that sucks.

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  • [–] 27 points 1 year ago (4 children)

    Awesome! I guess I should look into buying a private jet now!

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  • [–] 7 points 1 year ago (3 children)

    Setup a private jet purchasing co-op?

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  • [–] 8 points 1 year ago (1 child)

    Indefensible as in it is a decision Trump cannot defend, or as in no one can do anything about it? Seems to be both.

    Executive branch power has been bolstered for decades. Unfortunately, this is the first time a narcissist with a complete lack of empathy is in a position to use it. Even if you support Trump, what happens when one of the other side takes that seat?

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  • [–] 5 points 1 year ago

    MAGA is so gullable...

    They will easily go down in history as the biggest idiots in America.

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  • [–] 4 points 1 year ago

    Guillotine futures up. 📈

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