Sunday, April 9, 2017
What a Relief: Here's One Thing That Won't Be Taxed in the Coming "Tax Overhaul"
The director of President Donald Trump’s National Economic Council told a room full of chief executives on Tuesday that they likely don’t need to worry about their private jets being taxed.
Speaking at a White House “town hall” with executives about infrastructure, NEC Director Gary Cohn said the Trump administration wants to upgrade air-traffic control as part of an infrastructure plan.
He said the CEOs may be against a forthcoming plan if there’s a tax on general aviation — which would include their private jets.
But he added: “We’re probably not even going to tax general aviation.”
at 5:42:00 AM