WASHINGTON, November 15, 2017 – Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today commended Senate leaders and the Finance Committee for their work on a proposal to deliver comprehensive tax reform to American businesses.
We thank the Senate, under the leadership of Majority Leader Mitch McConnell, Majority Whip John Cornyn, Republican Conference Chairman John Thune and Finance Chairman Orrin Hatch, for their efforts to move comprehensive tax reform closer to reality and usher in a new era of economic expansion and job growth. Airlines generally pay taxes at the highest corporate rate and are capital intensive businesses which invest heavily in their employees, planes 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. We encourage the Senate to continue to fine-tune the proposal and its interest provisions to ensure that tax reform provides the greatest economic boost possible. U.S. airlines are vital to our nation’s economy and we support taking action to reform the tax code in ways that ensure that carriers are positioned to continue creating new jobs, investing in our product and further enhancing the travel experience for all airline customers.
Annually, commercial aviation helps drive $1.5 trillion in U.S. economic activity and more than 10 million U.S. jobs. Airlines fly more than 2.2 million passengers and 50,000 tons of cargo each day. Airlines for America (A4A) advocates on behalf of the American airline industry as a model of safety, customer service and environmental responsibility and as the indispensable network that drives our nation’s economy and global competitiveness.
A4A works collaboratively with the airlines, labor groups, Congress and the Administration to improve air travel for everyone.