Sen. John Kerry (D-Mass.) got part of his Military Family Bill of Rights legislation in the Senate’s just passed emergency tax relief measure for persons affected by Hurricane Katrina. Kerry’s provision offers tax relief to employers of members of the National Guard and Reserve. The tax relief equates to an employee retention credit, providing a 40 percent tax credit for wages paid up to $6,000 after Aug. 28 and before Dec. 31. The Senate and House are in conference resolving differences of their respective bills.
Boeing received a $2.47 billion Air Force contract Nov. 25 for 15 more KC-46s, bringing to 183 the number of Pegasus tankers on contract to all customers, foreign and domestic. The new contract—for Lot 12 of the initially planned KC-46 buy—is to be completed by 2029.
