Bloomberg October 27, 2025 article.
https://archive.ph/mmm7v#selection-1405.45-1405.73
Business is booming for Dan Hurley, the founder of private jet broker Global Charter.
The key reason: a tax break solidified in the One Big Beautiful Bill Act that allows people with businesses to fully write off purchases of private jets in the year they buy them.
Mark Johnson, an entrepreneur who took over his family’s business three decades ago, first took advantage of the break after the 2017 legislation. At the time, he was ready to sell the company his family had owned and run for generations and was looking for a way to avoid paying millions of dollars in taxes he’d owe.
*On the advice of his accountants, he purchased a handful of car washes in Colorado and Alabama. *
- Steve Wamhoff, federal tax policy director at the Institute on Taxation and Economic Policy think tank, called that “significant money.” He said it’s an inefficient policy because it pushes people to invest in certain assets solely because of the tax break.*
“As a result, some people are more likely to build a car wash than build something that is really needed, like housing,” he said.