This is the best summary I could come up with:

At the moment, billionaires and the ultra-wealthy are getting a bargain, paying less in taxes each year to fly private and contribute more pollution than millions of drivers combined on the roads below.

For the sake of our environment, it is time to ground these fat cats and make them pay their fair share, so that we can invest in building the energy-efficient and clean public transportation that our economy and communities across the country desperately need.

We cannot continue to ask frontline communities – disproportionately low-income, rural, immigrant, Black and brown Americans who are bearing the weight of the climate crisis – to subsidize billionaires jet-setting the globe.

The revenue generated by the Fatcat Act would be transferred to the Airport and Airway Trust Fund and a newly created federal Clean Communities Trust Fund to support air monitoring for environmental justice communities and long-term investments in clean, affordable public transportation across the country – including passenger rail and bus routes near commercial airports.

If Jeff Bezos, Elon Musk, Mark Zuckerberg, and countless Wall Street hedge fund managers want to fly private jets, the least they can do is pay their fair share in taxes to compensate for the damage to our environment and the wear on our infrastructure.

It’s unconscionable that they be allowed to continue to pay pennies on the dollar to pollute our environment as Americans suffer through the hottest days in an estimated 125,000 years.

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