Friday, July 29, 2011

$200 Million in Lost Aviation Tax Revenue, and Counting

While our pitiful legislative bodies dither, about $200 million in tax revenue has been forever lost from the suspension of federal tax-collection authority on airfares that followed Congress's failure one week ago to pass an extension of the bill to keep the Federal Aviation Administration running.

Here's a list of some of the capital projects that are also suspended because of the impasse. Each one, of course, is associated with jobs.


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