“Hoteliers need assistance navigating the financial uncertainties created by persistent inflation, a nationwide workforce scarcity, and an aggressive federal regulatory agenda.” says AHLA Interim President & CEO Kevin Carey.
WASHINGTON – The American Lodge & Lodging Affiliation (AHLA), the Worldwide Franchise Affiliation (IFA), the Nationwide Restaurant Affiliation, and the U.S. Journey Affiliation joined dozens of hospitality teams in a letter to Senate Majority Chief Charles Schumer and Senate Minority Chief Mitch McConnell urging Senate passage of the Tax Aid for American Households and Employees Act (H.R. 7024).
Moreover, leaders from AHLA, IFA, Nationwide Restaurant Affiliation, and U.S. Journey issued the under statements relating to the bipartisan invoice, which handed the Home in January.
“This invoice would prolong important tax aid to resorts throughout the nation, benefiting small enterprise homeowners and staff alike,” mentioned AHLA Interim President & CEO Kevin Carey. “Hoteliers need assistance navigating the financial uncertainties created by persistent inflation, a nationwide workforce scarcity, and an aggressive federal regulatory agenda. The Tax Aid for American Households and Employees Act would supply that assist, and on behalf of America’s almost 62,500 resorts, we name on the Senate to cross it as quickly as attainable.”
“Companies want certainty to function, and too typically coverage proposals disproportionally have an effect on small companies,” mentioned IFA’s Senior Vice President of Authorities Relations and Public Affairs Mike Layman. “Nonetheless, this tax package deal will present much-needed aid and predictability that may allow franchised companies to reinvest of their staff and higher serve their prospects – placing them on a stronger path for development.”
“The present limitation of depreciation and amortization and lack of 100% bonus depreciation for sure bills penalize a restaurant operator’s funding of their success by including to their tax burden,” Sean Kennedy, Govt Vice President of Public Affairs, Nationwide Restaurant Affiliation. “We urge the Senate to maneuver ahead on H.R. 7024 to supply well timed tax aid for Important Road companies.”
“Professional-growth insurance policies like these make it simpler for journey companies to reinvest of their communities and create pathways to prosperity for Individuals,” mentioned Tori Emerson Barnes, Govt Vice President of Public Affairs and Coverage on the U.S. Journey Affiliation. “That’s why we urge the Senate to behave as quickly as attainable and provides the business these instruments to assist create a extra vibrant and agile financial system.”
Vicky is the co-founder of TravelDailyNews Media Community the place she is the Editor-in Chief. She can also be liable for the each day operation and the monetary coverage. She holds a Bachelor’s diploma in Tourism Enterprise Administration from the Technical College of Athens and a Grasp in Enterprise Administration (MBA) from the College of Wales.
She has a few years of each educational and industrial expertise throughout the journey business. She has written/edited quite a few articles in varied tourism magazines.
