As a frequent user of private aviation, Trump will be supportive of BIZAV. (01/27/2025)
Some in the private aircraft industry are running around with their hair on fire lamenting how Trump’s 25% tariff proposal will spell the end of the U.S. aerospace industry. We’ll let them keep doing that since they’re fun to watch, but there’s a glass-half-full story to share with everyone else.
For beginners, there’ll be less State of The Union “I will end private jet tax breaks” rhetoric as read off the teleprompter by the last commander in chief. Trump has been an active user of business aviation, both airplanes and helicopters, long before his political career. He and others in his circle already understand the benefits concerning time savings, improved productivity and security.
On the topic of taxes, shortly after this address the IRS began targeted IRS tax audits of business jet owners. Some saw it as going after low-hanging fruit since the cost of operation of an aircraft and the subsequent tax write-offs can be high. However, others saw it as the weaponization of yet another government agency in response to the Inflation Reduction Act of 2022, the largest climate legislation in U.S. history.