Buffet secured a lower tax rate for NetJets while pushing higher taxes

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A company owned by Warren Buffett’s Berkshire Hathaway (BRK-A) is being called out for the lobbying dollars it spent in Washington while fighting to receive a more favorable tax treatment.

According to a report Tuesday on The Huffington Post, Berkshire company NetJets put north of $2.5 million toward lobbyists who were pushing measures to benefit a group of private jet firms. The findings followed a HuffPo analysis of lobbyist disclosure records. Thanks to one part of the legislation, the Federal Aviation Administration Modernization and Reform Act, NetJets and other fractionally owned jet companies “will pay lower taxes over the next four years than they do today,” HuffPo reports. Because of the law, the federal government will miss out on around $25 million in revenue during the next three years from the jet firms who will benefit from the tax changes, the report says.

Now, NetJets is no different from hundreds, even thousands of other companies and groups that have lobbyists in the nation’s capital. In some of these cases, the lobbyists are looking for ways to help their clients pay lower taxes or otherwise gain financially through the goings-on in Congress.

What is different is that, in this particular case, a company under the control of Buffett’s Omaha-based firm is being spotlighted.