Sheldon Whitehouse: “What are we going to do about the $1.2 trillion that goes out the back door of the tax code through loopholes?”

Most of the dealbreaker humps we’re over, but now it’s refining the language, taking raw agreements into legislative texts and figuring out what schedule for voting succeeds.

We need more clarity on that, and when we have more clarity on that they’ll be back-and-forth to try to resolve those issues.

President Trump’s 2017 tax law and Big, Beautiful-for-Billionaires bill handed billionaires and big corporations massive tax breaks on private jets. The Trump administration now says it would be ‘burdensome’ to close the private jet tax…

“must pay for any network upgrades needed to serve their big demand, so ratepayers don’t bear the cost burden of added infrastructure.”