Business aviation advocates were relieved that this week’s votes on the debt ceiling excluded user fees and changes to corporate aircraft depreciation schedules, but warn that such tax changes still may lie ahead. The Senate on Aug. 2 approved a bill to raise the $14.3 trillion debt ceiling, following a House vote a day earlier. But the bill also calls for a special joint committee to develop $1.5 trillion in deficit reduction and revenue raisers by late November. “The recent ...
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