Lawmakers in Georgia removed a $38 million tax exemption for jet fuel from tax-cut legislation on Thursday in a move that will punish Atlanta-based Delta Air Lines.
Republicans vowed to remove the exemption after the airline cut ties with the National Rifle Association (NRA).
Georgia's Lt. Gov. Casey Cagle (R), who is also running for governor, had threatened to kill any tax legislation that benefits Delta after the company's decision to end a discount program for NRA members.
[...] "I will kill any tax legislation that benefits @Delta unless the company changes its position and fully reinstates its relationship with @NRA," Angle tweeted earlier this week.
(Score: 4, Interesting) by Anonymous Coward on Saturday March 03 2018, @04:56AM (1 child)
That's ridiculously ignorant. The carriers buy large amounts of fuel regularly via futures when they think the price is going up. They don't just buy the fuel necessary for the trip the way that people do for a road trip. That would make it extremely hard to price tickets as they'd have no idea what to charge for the fuel portion of the fare.
(Score: 0) by Anonymous Coward on Saturday March 03 2018, @06:47PM
Aren't futures a separate cash transaction based on a market's rate?
They still have to use money and buy fuel at time of purchase.