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Senator Edward Markey (D-MA) has just introduced legislation to significantly boost excise taxes on private jet fuel. Representative Nydia Velasquez (D-NY) has introduced complimentary legislation in the House. The colorfully named “FATCAT Act” (standing for Fueling Alternative Transportation with a Carbon Aviation Tax) would hike fuel taxes on private jets from the current 22 cents More
The post Tax the Fat Cat Private Jet Class, Invest in Green Transit appeared first on CounterPunch.org.
This content originally appeared on CounterPunch.org and was authored by Chuck Collins.