Bonus depreciation and research and development tax credits. Those were two pieces of legislation Cessna’s Jack Pelton, president and CEO mentioned in response to my query, following his June 21 speech to the Aero Club of Washington.
He spoke of the myriad challenges we in aviation face. FAA reauthorization (long-term, not patchwork); cancellation of aircraft orders; the size of the aviation economy in the U.S. (1.2 million jobs, $320 billion annual economic output, trade surplus, transportation for many remote communities); falling student pilot starts; and fees placed on California-based flight schools. All have been discussed many times by many people. [Read more...]