The industry trade organisation for leading US airlines, Airlines for America (A4A), has welcomed the comprehensive tax reform that will “spur” a new era of US job growth and economic development.
“These historic reforms to our nation’s tax code come as welcome news to the industry, the 700,000 workers we employ and the communities we serve,” says A4A president and CEO Nicholas E. Calio. “We thank House and Senate leaders for their diligence in working to empower American businesses and US airlines stand ready to continue leading the way toward a new era of job growth and economic development.”
Calio noted that airlines generally pay taxes at the highest corporate rate and are capital-intensive businesses that invest heavily in their employees, aircraft and equipment. The proposal’s significant reduction in the corporate rate and its depreciation provisions offer the incentives to continue and accelerate the significant investments already underway throughout the industry.