'All Out Class War': GOP Bill Cuts Taxes for Private Jet Owners, Hikes Taxes on Students [View all]

'All Out Class War': GOP Bill Cuts Taxes for Private Jet Owners, Hikes Taxes on Students
Increasing taxes on those already drowning in student loan debt to give the rich a tax break denounced as "the height of Republican insanity"
byJake Johnson, staff writer


"Soaking broke-ass grad students to pay for a private jet subsidy. All-out class war on the 99 percent."

That was how one commentator described a pair of provisions buried in the GOP tax plan that passed the House on Thursday and is likely headed to the Senate floor for a vote as early as next week.

One provision—crammed in the middle of the latest version of the so-called "Tax Cuts and Jobs Act"—would provide a windfall to the wealthy few who own or lease private planes by exempting them from certain taxes related to "maintenance and support," "the hiring and training of pilots and crew," and "administrative services such as scheduling, flight planning, weather forecasting, obtaining insurance, and establishing and complying with safety standards."

Graduate students, however, would not fare so well if the GOP plan becomes law.

https://www.commondreams.org/news/2017/11/17/all-out-class-war-gop-bill-cuts-taxes-private-jet-owners-hikes-taxes-students