Bonus Extension Letter

Commercial aviation helps drive more than 10M American jobs and 5 cents of every dollar of U.S. GDP
Commercial aviation drives more than $1 trillion per year in economic activity
In 2012, U.S. airlines moved more than 48,000 tons of cargo per day
In 2012, the value of a kilogram of U.S. merchandise exported by air averaged 121 times the value exported by sea
For every 100 airline jobs, some 360 are supported outside of the airline industry
Federal taxes constitute $61 – or 20% – of the price of a typical $300 domestic round-trip ticket
In 2011, U.S. airlines carried 16 percent more passengers and cargo using 10 percent less fuel than in 2000
Domestically, airlines drive 5% of economic activity but account for 2% of man-made GHG emissions
From 2000-2011, airlines reduced GHG emissions by 11% while transporting 16% more passengers and cargo
From 1975-2011, U.S. airlines and their partners reduced significant noise exposure by 99%
Commercial air travel is the safest form of intercity transportation in the United States
In the most recent decade, scheduled air service on U.S. airlines was seven times safer than in the 1970s
From 2000-2012, U.S. airlines improved the on-time arrival rate from 72.6% to 81.9%
From 2000-2012, U.S. airlines reduced the flight cancellation rate sharply from 3.30% to 1.29%
Airfares are a bargain: From 2000-2012, U.S. CPI rose 33% while average domestic fare rose just 13%
Adjusted for inflation, the average round-trip domestic airfare fell 15% from 2000
2007 domestic flight delays cost the United States approximately $31 billion
In 2012, the value of U.S. merchandise exported by air reached an all-time high of $427B
In 2012, U.S. exports of air-travel services reached an all-time high of $39.5B, driving a $5.1B trade surplus
In 2012, U.S. passenger and cargo airlines spent more than $50B on fuel, averaging 36% of operating expenses
In 2012, U.S. airlines posted the lowest annual rate of mishandled baggage ever recorded
FAA projects U.S. air travel demand to top 1 billion passengers in 2027
In 2012, US airlines flew 83.4 million passengers in scheduled international service - a record high
In 2012, the total value of merchandise exported from or imported to the United States by air exceeded $927 billion
In 2012, 7.15 teragrams of merchandise was exported from or imported to the United States by air

	Bonus Extension Letter
	PubZone1 December 5, 2012 The Honorable John Boehner Speaker of the House of Representatives The U.S. Capitol Washington, D.C. 20515 The Honorable Harry Reid Senate Majority Leader The U.S. Capitol Washington, D.C. 20510 The Honorable Nancy Pelosi House Minority Leader The U.S. Capitol Washington, D.C. 20515 The Honorable Mitch McConnell Senate Minority Leader The U.S. Capitol Washington, D.C. 20510 Dear Congressional Leaders: The undersigned companies and associations strongly support and ask for immediate action to extend the current 50% bonus depreciation (with the correction for companies required to use the Percentage of Completion Method of accounting (PCM)) and the comparable treatment of Alternative Minimum Tax (AMT) in lieu of bonus depreciation before they expire at the end of 2012. This extension will provide an immediate incentive for businesses to make new capital investments in the United States, boosting the U.S. economy and job creation in 2013. As a recent Wall Street Journal article “Investment Falls Off a Cliff” highlighted, overall U.S. investment has rapidly declined every quarter since the third quarter of 2011, and actually contracted by 1.3% in the latest quarter of this year. Investments in equipment and software, as well as structures, also continue to wane. Further, nearly half of the nation’s 40 biggest publicly traded corporate investors have already announced plans to curtail capital expenditures over the next year, according to a Wall Street Journal review. While it is too late to impact investments made in 2012, it is imperative that we continue the 50% percent bonus depreciation with the PCM correction and the comparable treatment of AMT in lieu of bonus depreciation for 2013. This will provide some certainty to U.S. businesses to allow them to continue to make capital investments, which in turn will create more jobs and help ward off a possible recession in 2013. Enactment of this provision is even more important given the other uncertainties that continue to linger with our U.S. tax code, while at the same time is one of the more cost effective measures that Congress can enact to spur economic growth. At this critical juncture of our economy, extension of the 50% bonus depreciation and the comparable treatment of AMT in lieu of bonus could be the exact bi-partisan policy needed to accelerate investment, create jobs and ensure our economy continues towards a positive recovery. Because of the importance of this measure to U.S. economic growth and competitiveness, we strongly urge you to support immediate action on this pro-growth, pro-jobs provision. Thank you in advance for your support. Sincerely, Aeronautical Repair Station Association Air Conditioning Contractors of America Airlines for America American Airlines American Concrete Pressure Pipe Association American Council of Engineering Companies American Road & Transportation Builders Association American Traffic Safety Services Association American Trucking Association AMT - The Association For Manufacturing Technology Arch Coal Incorporated Associated Builders & Contractors Associated Equipment Distributors Associated General Contractors of America Association of American Railroads Association of Equipment Manufacturers AT&T Burris Equipment Caterpillar Inc. CenturyLink Consolidated Communications Comcast Cox Enterprises, Inc. CMS Energy CTIA – The Wireless Association Deep South Equipment Dealers Association Distribution Contractors Association Embraer Aircraft Holding, Inc. FairPoint Communications Fiber to the Home Council General Aviation Manufacturers Association General Dynamics Corporation General Motors Company Hawker Beechcraft Corporation Interlocking Concrete Pavement Institute Interstate Natural Gas Association of America Iowa-Nebraska Equipment Dealers Association Lockheed Martin Corporation Material Handling Equipment Distributors Association Mid-America Equipment Retailers Association Montana Equipment Dealers Association National Asphalt Pavement Association National Association of Manufacturers National Automobile Dealers Association/American Truck Dealers National Business Aviation Association National Cable & Telecommunications Association National Electrical Contractors Association National Solid Wastes Management Association National Stone, Sand & Gravel Association North American Equipment Dealers Association Northeast Equipment Dealers Association, Inc. Northrop Grumman Corporation NUCA - Representing Utility & Excavation Contractors Ohio Equipment Distributors Association Ohio-Michigan Equipment Dealers Association PVC Pipe Association Republic Services Revere Data, LLC Rockwell Collins SouthWestern Association Equipment Dealers Spectra Energy Corp T-Mobile TechAmerica TeleCommunication Systems The American Institute of Architects The Boeing Company The Goodyear Tire & Rubber Company Time Warner Cable Truck Renting and Leasing Association U.S. Chamber of Commerce United States Telecom Association Verizon Volvo Group North America Waste Equipment Technology Association Water and Wastewater Equipment Manufacturers Association, Inc. West Tennessee Branch of the Associated General Contractors Western Business Roundtable Windstream Communications cc: Members of Congress PubZone2	A4A advocates measures to support aviation safety, security and well-being.