President Biden's Tax Proposal to Impact SpaceX and Commercial Space Industry
Thursday, 4 April 2024, 18:14
Biden Takes Aim at SpaceX's Tax-Free Ride in American Airspace
President Biden has unveiled a plan to reform taxes for commercial space operations, targeting companies such as SpaceX that currently enjoy tax exemptions for using American airspace for rocket launches. The proposed policy would mandate these companies to contribute taxes towards a federal fund that supports air traffic control services.
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