ARSA RSS Feed ARSA LinkedIn
Contact Us Payment Portal

The Lame Duck Home Stretch: Funding Federal Government, Extenders Top Agenda

The roller coaster ride on Capitol Hill continued during Thanksgiving week, as House Ways and Means Committee Chairman Dave Camp (R-Mich.) and Senate Majority Leader Harry Reid (D-Nev.) announced a deal on tax extenders package.  However, it was quickly derailed by an Obama administration veto threat.

The compromise proposal would permanently increase Sec. 179 expensing levels starting in 2014 and reinstate 50 percent bonus depreciation for equipment purchases for 2014 and 2015, along with extending numerous business-supported expired tax provisions.  Just as Washington’s tax policy analysts were digesting the welcome news, President Obama and key Democrats announced opposition to the compromise, citing the business-friendly nature of the package and the lack of attention to “working families.”

Republicans, with a strengthened majority in Congress next year including Senate control, are less willing to compromise and more likely to delay tax extenders consideration until early next year.  Nonetheless, there is support for retroactively reinstating all expired tax extenders for 2014 during the lame duck to avoid complicating the year’s tax filings.  The House is poised to vote on such a proposal in the coming days.

Meanwhile, a continuing resolution (CR) to fund the federal government into next year was also in flux.  Lawmakers were making steady progress on a plan to keep the federal government open until next fall– until President Obama’s announced his immigration executive order.  Republicans are apoplectic about what they see as a presidential power grab and many want to use the CR to clip the administration’s wings.



More from ARSA

2018 NextGen Awards – Celebrate Young Talent

ARSA’s commitment to building the aviation maintenance workforce of the future means celebrating the excellence of the men and women who already keep the world safely in flight. The association…Read More

Speaking the FAA’s Language – Guidance on English Proficiency

The hotline – ARSA’s premier member newsletter – contains news, editorial content, analysis and resources for the aviation maintenance community. Given the broader attention gained by the FAA’s guidance adopting international…Read More

ARSA Urges Industry to Comment on EASA ICA Proposal

On Jan. 29, EASA issued Notice of Proposed Amendment (NPA) 2018-01 pertaining to Instructions for Continued Airworthiness (ICA); comments are due by April 30, 2018. ARSA urges all members interested…Read More

Symposium 2018 Video – A “Priceless” Network of Knowledge

Registration is open for ARSA’s 2018 Executive to Executive Briefings, Legislative Day and Annual Repair Symposium. (Click here to learn more and register now.) Networking at Symposium – A “Priceless” Knowledge…Read More

FAA Publishes Bonderite AMOC

On Feb. 5, the FAA published an approved alternative method of compliance (AMOC) allowing the use of the renamed Henkel “Bonderite” products for all airworthiness directives and previously-approved AMOCs specifically…Read More
ARSA