HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Former GOP senator likely...

Tue Apr 26, 2022, 01:23 PM

Former GOP senator likely billed taxpayers for her private jet -- while claiming it would save them

https://www.rawstory.com/kelly-loeffler-jet/

On Tuesday, The Daily Beast reported new details about the arrangement that former Sen. Kelly Loeffler (R-GA) used to travel on a private jet — and obscure the cost of it to taxpayers, even as she claimed she was saving the government money.

"When former Sen. Kelly Loeffler (R-GA) was asked on the 2020 campaign trail about the recently purchased private jet she was flying around Georgia, the former CEO and multimillionaire senator defended the expense as saving taxpayer dollars," reported Roger Sollenberger. "But previously unreported corporate filings reveal something that Loeffler’s campaign disclosures did not: She was paying her husband’s company to operate the jet. And, according to experts, those campaign filings might not have been correctly reported, raising questions of whether she purposefully concealed the arrangement from the public."

Loeffler's campaign filings had shown she personally spent $700,000 for travel — but they hadn't shown the recipient of the money was Intercontinental Exchange, a company owned by her husband Jerry Sprecher, who owns the New York Stock Exchange. The company was reimbursed $650,000 for operation of the plane, and another $50,000 for use of a hangar.

It is theoretically possible that this arrangement saved taxpayers money — but it likely did the opposite, according to the report: "The 2017 Trump tax cuts created astounding loopholes for executive jet owners, effectively turning private aircraft into flying tax shelters. While it’s impossible to know how Loeffler and Sprecher treated their purchase without seeing their tax returns, one of the law’s carve-outs offered a 100 percent write-off for private jet buyers."

2 replies, 932 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Former GOP senator likely billed taxpayers for her private jet -- while claiming it would save them (Original post)
WhiteTara Apr 2022 OP
LetMyPeopleVote Apr 2022 #1
Achilleaze Apr 2022 #2

Response to WhiteTara (Original post)

Tue Apr 26, 2022, 01:31 PM

1. this lady was also trading on insider information while in ofice

She was a bad senator

Reply to this post

Back to top Alert abuse Link here Permalink


Response to WhiteTara (Original post)

Tue Apr 26, 2022, 02:12 PM

2. How Republican is that?

Greed, grifting, lying: she's a compleat Republican. Checks all the boxes.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread