AIA Welcomes President Trump’s Tax Plan.

FOR IMMEDIATE RELEASE                                                                                 NEWS

April 26, 2017

Statement by AIA President and CEO David F. Melcher on President Trump’s announcement of his plan to reform the tax code.

Arlington, Va. — The Aerospace Industries Association welcomes President Trump’s announcement Wednesday of his intent to reform the tax code. There are a number of proposals under consideration for inclusion in the tax reform package. AIA continues to advocate for tax reforms that would both renew America’s role as a leader in global trade and strengthen the nation’s economy domestically, including:

• Creating a globally competitive corporate rate to make US more attractive for business investment.
• Including border adjustability which levels the playing field for American-made goods and services.
• Replacing the current worldwide tax base with a territorial tax system where US companies owe tax only on domestic profits.
• Ensuring that revenue from tax changes is not diverted to pay for non-tax initiatives.
• Allowing repatriation of accrued overseas income if coupled to a territorial system.

We look forward to working with the Administration and Congress as they develop a set of comprehensive tax reforms that maximize the aerospace and defense industry’s full potential to create thousands of high-skill, high wage American jobs.

CONTACT:  Dan Stohr

(703) 358-1078 office

(703) 517-8173 cell

dan.stohr@aia-aerospace.org

 

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