WASHINGTON, November 10, 2017 – Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today commended House leaders for introducing, and the Ways & Means Committee for approving, a proposal to deliver comprehensive tax reform to American businesses.
We thank the House, under the leadership of Speaker Ryan, Majority Leader McCarthy, Whip Scalise and Chairman Brady, for their efforts to enact comprehensive tax reform that will 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 planes and equipment. Given the significant reduction in the corporate rate, and the bill’s depreciation provisions, the legislation offers the incentive to continue and accelerate the significant investments already underway throughout the industry. 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. U.S. airlines fly 2.3 million passengers and more than 55,000 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.