John Thune actually said...

Aviation is an important part of our U.S. economy.

I think that, based on historically the way you have pegged that, as a percentage of GDP, it is about in the right place.

the wisdom of having the gains rate the same as the ordinary income rate, or treating capital gains as ordinary income.

Taxing any activity beyond the EU borders is a dangerous precedent and a violation of the sovereignty of nations across the world.