NATA (National Air Transportation Association) expressed\nconcern about general aviation tax provisions included in the Fiscal Year 2025\nBudget released by the White House today. <\/p>\n\n\n\n
\u201cBusiness aviation is in the crosshairs again at a time when\nit is needed the most,\u201d said NATA President and CEO Curt Castagna. \u201cThe White\nHouse budget includes multiple provisions that mischaracterize the value of and\nwould adversely affect the business and general aviation sectors, jeopardizing\nthe jobs they provide and disregarding the critical services they support.\u201d<\/p>\n\n\n\n
Nationally, the general aviation sector supports 1.2 million\njobs, provides over $247 billion in economic output, and contributes to\nAmerica\u2019s competitiveness, growth, and continued innovation. General aviation\nairports, service businesses, and operators aid business development and job\ncreation while supporting law enforcement, medical care, disaster relief,\nfirefighting, and other essential services. They also provide access to the air\ntransportation system for thousands of communities the airlines don\u2019t serve.<\/p>\n\n\n\n
\u201cDuring last week\u2019s State of the Union address, President\nBiden spoke passionately about our country\u2019s freedom, future possibilities, and\njob growth\u2014all attributes fostered by our essential industry. Rather than\nsingling out general aviation, the Administration\u2019s first priority should be\ncreating and preserving an environment in which aviation continues to\nfacilitate business growth and contributes to the national economy,\u201d stated\nCastagna. <\/p>\n\n\n\n
Of particular concern is the Administration\u2019s proposed\nfive-fold increase in the jet fuel tax paid by private and business aircraft\noperators, to be carried out over five years.<\/p>\n\n\n\n
\u201cNATA opposes such an increase in fuel taxes for these\nprivate, noncommercial operators. In addition, we are concerned that the Biden\nAdministration is failing to account for the billions of business aviation tax\ndollars that are diverted from the Airport and Airways Trust Fund (AATF) into\nthe Highway Trust Fund (HTF). Such diversion weakens the National Airspace\nSystem and could place the safety of the industry at risk. <\/p>\n\n\n\n
\u201cUnfortunately, the Biden Administration is proposing a tax\nincrease it mistakenly believes will benefit the national aviation system. This\nis not the case. For nearly two decades now, Congress and the IRS have failed\nto address provisions in the tax code that allow for the HTF to erroneously\nkeep billions of aviation tax dollars that were intended for the AATF,\u201d added\nCastagna. <\/p>\n\n\n\n
In 2016, the GAO released a report on the impact of\ndiversions of non-commercial jet fuel tax revenues from the AATF to the HTF.\nThe report concluded the diversion of funds stemming from a 2005 change in tax\nlaw resulted in a loss to the aviation fund of between one and two billion\ndollars intended for airport improvements and system modernization. The\ndiversion has continued since the 2016 report, costing the Airport and Airways\nTrust Fund billions of dollars. <\/p>\n\n\n\n
\u201cShould the Biden Administration seek to have a meaningful\nincrease in funding to the AATF, fixing the multi-billion-dollar diversion to\nthe HTF is where we suggest they begin,\u201d concluded Castagna.<\/p>\n","protected":false},"excerpt":{"rendered":"
NATA (National Air Transportation Association) expressed concern about general aviation tax provisions included in the Fiscal Year 2025 Budget released by the White House today. \u201cBusiness aviation is in the crosshairs again at a time when it is needed the most,\u201d said NATA President and CEO Curt Castagna. \u201cThe White House budget includes multiple provisions […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[115],"tags":[],"class_list":["post-28132","post","type-post","status-publish","format-standard","hentry","category-national-news"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/28132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/comments?post=28132"}],"version-history":[{"count":1,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/28132\/revisions"}],"predecessor-version":[{"id":28133,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/28132\/revisions\/28133"}],"wp:attachment":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media?parent=28132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/categories?post=28132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/tags?post=28132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}