Delta CEO lauds Trump tax reform plan


Delta Air Lines CEO Ed Bastian praised President Donald Trump’s tax reform plan, in advance of Congress this week taking its first legislative steps on the matter.

Trump has proposed a plan to slash taxes, calling for a reduction of the corporate tax rate to 20 percent from 35 percent.  The plan also aims to simplify and cut taxes for the middle class by doubling the standard deduction.

The administration’s plan also calls for a shift to a system for multinational corporations that in theory would not tax companies on overseas earnings -- but Republicans plan to impose a tax on foreign profits, and the new system would include a one-time repatriation tax to encourage companies to bring offshore profits back to the United States, according to the New York Times.

Bastian in a written statement called the tax reform framework “a positive first step that will lead to economic growth and job creation.”

“We look forward to seeing tax reform move forward for the benefit of all Americans,” Bastian said.

MYAJC.COM: REAL JOURNALISM. REAL LOCAL IMPACT.

The AJC's Leon Stafford keeps you updated on the latest in the Atlanta mayoral race and everything else going on at City Hall. You'll find more on myAJC.com, including these stories:

Never miss a minute of what's happening in Atlanta politics. Subscribe to myAJC.com.


Reader Comments ...


Next Up in Travel

7 Cyber Monday travel deals
7 Cyber Monday travel deals

Cyber Monday, on Nov. 27 this year, isn’t just a day to score discounts on retail goods — in the world of travel, it means attractive deals on hotel stays, safaris, group tours and more.  But buy with caution, said Henry Harteveldt, a travel industry analyst and the founder of Atmosphere Research Group. “Travel brands discount...
Holiday gift guide: Travel
Holiday gift guide: Travel

This year's gifts will help the travelers in your life stay charged, organized, caffeinated and sand-free - and document their every move, of course.  Aspinal of London: Multi Currency Wallet   The sleek wallet has four deep pouches - two per side - to separate cash and coins from different countries. You can match the colored zipper...
Family-friendly Christmas in Chattanooga: Elves, fairies and Santa!
Family-friendly Christmas in Chattanooga: Elves, fairies and Santa!

Chattanooga, less than two hours away from Atlanta, offers a great Christmas getaway for ATL residents, especially those with kids. The little ones will be all a'shiver with sheer Christmas spirit when they see the Sugar Plum Fairy Village, the Enchanted Garden of Lights, ride the Polar Express or do any of the other great Chattanooga...
A warm winter welcome amid the snowy mountains of Wyoming
A warm winter welcome amid the snowy mountains of Wyoming

It was dark by the time we made the short drive from the city of Casper, Wyoming, up the winding switchback road to the top of Casper Mountain. The moon the only light. The wind the only sound in the chill night. With snow piled several feet high from November until mid-May, the only way in to the cabin where we'd be staying on Crooked Pine Trail was...
Travelers love airline flash sales but the ultra-cheap fares are becoming less common

The Twitter ad seemed too good to be true: fares starting at $20 on JetBlue Airways.  A few hours after the ad appeared last week on the social media site, it was gone, leaving would-be travelers frustrated that they missed the remarkable deal.   Those who clicked too late ended up on a page advising: “This promotion has ended...
More Stories