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A Strange Thing: Tax Breaks for Private Jet Owners

Fans of the Netflix show Stranger Things might feel like they've entered the murky world of The Upside Down as they read over details of tax reform bills in Congress now.

Case in point: the Senate tax reform bill, dubbed the Tax Cuts and Jobs Act, would hurt middle-income homeowners but give tax breaks to private jet owners.

According to Yahoo News:

The new Senate tax bill will give those who own or lease private planes breaks on the amount they pay to companies for maintenance, storage, fueling and even when they want to hire pilots and a crew onboard. 

The proposal is tucked in the middle of the controversial bill's latest version, dubbed the Tax Cuts and Jobs Act. The House approved the bill Thursday and it's now headed to the Senate. 

The good news is pushing back on this ill-informed legislation isn't as perilous as battling the monsters from Stranger Things. It's as easy as contacting your elected officials in Washington and letting them know you think homeowners shouldn’t have to pay for corporate tax cuts with their home equity.

Posted by: Pete Kennedy on Friday, November 17, 2017 at 11:00:00 am
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