U.S. Sen. Edward Markey (D-Massachusetts) is continuing his push to go after “fat cats,” reintroducing legislation to raise fuel taxes on business jets from 22 cents to $2 per gallon. Initially introduced in 2023, the Fueling Alternative Transportation with a Carbon Aviation Tax (FATCAT) Act (S.173) would increase fuel taxes to the equivalent of an estimated $200 per tonne of a private jet’s carbon dioxide (CO2) emissions, as well as remove fuel tax exemptions for logging and oil or gas exploration, Markey said.
Under the bill, increased revenue from the taxes would be channeled into the Airport and Airway Trust Fund and a newly created Clean Communities Trust Fund. The latter fund would support air monitoring for disadvantaged communities, as well as provide investments for “clean, affordable” public transportation such as passenger rail and bus routes near commercial airports.
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