Private-jet companies could get billions in aid from coronavirus bailout

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The $2 trillion coronavirus relief package has several forms of aid for private-jet companies, including tax breaks, loans and loan guarantees.

The $2 trillion economic stimulus package gives private-jet companies tax breaks, loans and loan guarantees.

A Bombardier Inc. Learjet 40 XR aircraft, right, sits parked at Million Air in White Plains, New York, U.S.Private-jet companies could receive billions of dollars in loans, aid and tax relief from the federal government as part of the coronavirus aid package.

 

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Zaneta_Salamon 🤬

Zaneta_Salamon money that could be going to the american people who also pay the taxes. companies like this pay little or no taxes and are proud of the fact.

BusyBrain_Very Yep

Zaneta_Salamon Private jet companies have been getting lots of money already!! Stop worrying about businesses that aren’t of benefit to all‼️ People who work hard to make a country like USA run, NEED AND DESERVE THE HELP MOST!! Let the rich feel some loss. 😤😡

No businesses that made $1 million or more profit last year should be getting anything!!

This is the 'Socialism' for the rich but the Wall Street calls it 'Capitalism.' When the money goes to help provide the social safety net and the level playing field for the poor and the average, it is called Socialism and Entitlement. Where's that screaming Rick Santelli guy?

🎤🎼you say you want a revolution...

Does that mean Virgin Galactic will get help? Virgin VirginAtlantic

Why?

Fugking ridiculous

U.S. taxpayers are suckers. ( including me) Thats wrong. Let these Jet Co file chapter 11. SpeakerPelosi SenSchumer thehill AP WSJ nytimes cnni SenWarren SenSanders

Whyyyyyyyyyyyy

Those with $100m+ can barely afford to fly in a private jet. They should get a homemade cardboard sign to beg for donations.

gladstein You get a trillion and you get a trillion every billionaire gets trillion and the average person gets $1200 or zero!!!!!!!!

Sweet 😑

Yeeeesss. Put the bill on taxpayers to bail out the transport of dobbelstandard climate elitists who also want to tax you extra for your carbon footprint. Yesss. Double the tax burden on the little guy. Yeeeeeeeeesssss. Brrrrrrrrrrrrrr.

They don’t need it

Thank Heavens. Ive been praying 🙏🏻 for this!

For their employees including ramp staff pilots flight attendants....middle class people.

It’s a good thing that they’re suspending that excise tax. TONS of people make a go/no-go decision to fly a G5 instead of commercial based on a 7.5% tax. That’s a giveaway to people who were going to fly anyway, and about as dumb as these things come.

F U CNBC for supporting and cheering up corporate walefare bailouts.

Yay Capitalism! Getting bailed out every 10 years. Keeping the rich in power. Zero risk for the “job creators”.

🤦🏼‍♀️

That’s great little guy gets shaft

Why

Meanwhile Americans are out of work & will get 1200. Seems to me, if the Govt really wanted to make a difference? They rebate everyone ALL of their Income taxes taken out in 2019. Check your W2. Bet you 10-1 that income tax the govt stole from you would be more than 1200

SpeakerPelosi this is just wrong

Of course y would the American ppl get that aide Pjets pollute the earth harming our immune system ppl more proned to get sick with covid. Makes perfect sense to bail em out. US has been highjacked since 1913. NRA realDonaldTrump FoxNews CNN ReutersWorld washingtonpost

This entire thing is a boondoggle. Awful bill should have never been signed!!

they should just pull themselves up by the bootstraps

Could

This is America! Only cares for the rich.

Shocker.

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