ARSA RSS Feed ARSA LinkedIn
Ask ARSA Online Portal

Tax Day: ARSA Lays Out Tax Reform Priorities

As Americans submitted their annual tax returns to the Internal Revenue Service, ARSA outlined the aviation maintenance industry’s tax reform priorities.

In comments to the Senate Finance Committee’s Business Income Tax and Savings & Investment Working Groups, ARSA Vice President of Legislative Affairs Daniel B. Fisher encouraged Congress to “restore long-term certainty and simplification to the tax code, and pursue pro-growth tax policies to encourage job creation, economic growth, business risk-taking, and investment.”

Specifically, Fisher urged Congress to proceed simultaneously on corporate and pass-through tax reform, permanently increase Sec. 179 expensing and phase out levels, repeal the federal estate tax and refrain from altering general aviation aircraft depreciation schedules.

The Senate Finance Committee established working groups to solicit ideas for creating a simpler, fairer and more efficient tax code.  In addition to business income and savings  and investment,  teams are analyzing existing tax law and examining policy trade-offs in the areas of individual income tax, international tax and community development and infrastructure.  Each is tasked with issuing recommendations by the end of May.

“ARSA looks forward to working with Congress to ensure the small-medium sized-dominated aviation maintenance industry benefits from comprehensive tax reform,” Fisher said.  “Tax policy should drive growth and job creation while facilitating entrepreneurship, efficiency and business investment to ensure economic viability and U.S. competiveness.”



More from ARSA

How’s Marshall?

On July 8, ARSA Managing Director & General Counsel Marshall S. Filler underwent successful heart surgery. He is recovering at home and is on track to continue his passion as…Read More

FAA to Restart Global Leadership Meeting

On July 20, the FAA announced plans to host its 8th Annual Global Leadership Meeting in Washington, D.C. on Sept. 22-23. The event will have both in-person and online attendance…Read More

Lawmakers Explore Aviation Workforce Diversity

The House Aviation Subcommittee held a hearing July 20 to discuss enhancing diversity in the aviation workforce. The witnesses were (click a name to download their written testimony): Rebecca Lutte,…Read More

Unpacking AD Authority

On July 2, ARSA requested clarification of the FAA’s authority to issue an Airworthiness Directive, questioning the April 22 posting of an AD against certain Uninsured United Parachute Technologies, LLC…Read More

Training – Parts Documentation Under the U.S.-EU MAG

To see all of ARSA’s work on the MAG, visit arsa.org/mag. For years, ARSA lead an industry wide effort to “smooth” implementation of parts documentation issues in the U.S.-EU Maintenance Annex…Read More
ARSA