Home Economy Cohn tells CEOs Trump probably won’t tax private jets

Cohn tells CEOs Trump probably won’t tax private jets

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         Cohn tells CEOs Trump probably won’t tax private jets

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.”

President Barack Obama was a proponent of taxing corporate jets.

At the same event, Transportation Secretary Elaine Chao told CEOs the administration is eyeing a legislative proposal in late May.

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