AIA Welcomes Senate Passage of Tax Reform

The Aerospace Industries Association welcomes another milestone  for comprehensive tax reform this week with passage of the Tax Cuts and Jobs Act by the U.S. Senate.

“Senate passage of this bill brings us closer to a fundamental transformation of our tax code,” said AIA President and CEO David F. Melcher. “We’re hopeful that the House and Senate now will work together to produce a compromise bill that unleashes the aerospace and defense industry’s potential to invest in technological innovation and job creation and strengthens export driven growth in American manufacturing.”

AIA will continue to support a final tax agreement which reflects the pro-growth principles of a permanent, more competitive corporate tax rate, transition to a territorial tax system and positive tax changes to encourage repatriation of accrued overseas income. Throughout 2017, we emphasized this message in our communications to the Administration and Congress.