House GA Caucus to leadership: No tax hike on GA aircraftJuly 21, 2011 at 8:59 am | Posted in Aviation Law Current Event | Leave a comment
by Sara M. Langston with the blog faculty
Twenty-two members of Congress, all members of the House General Aviation Caucus, are urging House leaders to reject a tax proposal that could hinder one of the few manufacturing industries that provide a trade surplus for the U.S.
As lawmakers continue with debt-ceiling negotiations, the House members urged key players in the negotiations not to sacrifice aircraft depreciation deductions in the tax code, which spur “investment, domestic manufacturing, and economic growth.” They reminded House Speaker John Boehner, Minority Leader Nancy Pelosi, Majority Leader Eric Cantor, and Minority Whip Steny Hoyer of the important role of the general aviation industry and GA aircraft depreciation to the country’s economic recovery and well being. [more]
Source: Aviation Week