“Perhaps the most egregious part, as I was saying, is that you can take a particular tax loophole, the tax break that you get if you buy a corporate jet — $3 billion — that taxpayers are having to cover in costs that corporate jet owners would otherwise pay to the federal government. You can eliminate that tax loophole, and save yourself the $3 billion, so you wouldn’t have to go after the 600,000 women and children who will lose their critical nutrition assistance program. Or you can use that money to make sure that 125,000 families under the Ryan budget who are slated to lose their housing, won’t lose it.”
— Rep. Xavier Becerra (D-Calif.), news conference, March 18, 2013
The corporate jet “loophole” has wonderful symbolic value, as illustrated by the chart above prepared by the Center for American Progress.