WASHINGTON, December 20, 2017 – Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today thanked House and Senate leaders for delivering comprehensive tax reform that will spur a new era of job growth and economic development.
U.S. airlines are vital to our nation’s economy and have long advocated for taking action to reform the tax code in ways that ensure carriers are positioned to continue creating new jobs, investing in our product and further enhancing the travel experience for all airline customers.
“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,” said A4A President and CEO Nicholas E. Calio. “We thank House and Senate leaders for their diligence in working to empower American businesses and U.S. 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 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.
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.