Priority One
Support an extension of Tax Cuts and Jobs Act (TCJA) provisions that allow travel tech start-ups and SMBs to retain more of their earnings, which can then be reinvested into companies’ expansion, product development, hiring, or other key initiatives.
In 2025, President Trump and congressional leaders plan to use the reconciliation process to extend many parts of the TCJA. Travel Tech supports the following provisions:
- Qualified Business Income Deduction: Allows pass-through entities to deduct up to 20% of taxable income.
- Bonus Depreciation: Enables immediate expensing of capital investments, allowing startups to reinvest quickly.
- R&D Expensing: Permits the immediate deductibility of R&D expenses, replacing current law requiring a 5-year amortization
Priority Two:
Advocate for legislation that expands travel tech innovators’ access to capital, simplifies federal programs, and protects key pathways for startup and SMB growth, such as:
- Expanding Investor Access: Reduce barriers to funding and create new opportunities to secure essential resources for growth.
- Federal Support: Simplify and modernize the federal grant and loan programs to make them more accessible to startups.
- M&A Pathways: Protecting mergers and acquisitions as viable exit strategies is critical for fostering innovation and market competition.
Priority Three:
Urge the adoption of policies that empower travel tech startups to innovate, compete, and thrive in the A.I. marketplace.
- One national standard: Avoid a patchwork of state laws regulating the use of A.I., which will only hinder.
- Pro-Competition Policies:I. regulations must be balanced, mitigating risks while supporting innovation and fair competition.
- Innovation Safeguards: Preserve IP frameworks and liability protections to foster A.I. R&D and reduce legal barriers.
