Newsstand - Air traffic trust fund in need of new revenue, auditor warns




tcook052
May 4, 05, 9:58 pm
http://www.ajc.com/business/content/business/delta/0505/05bizaviation.html

Washington — To prevent the Aviation Trust Fund from running out of money for air traffic control facilities, Congress will have to make "some tough choices" about taxes, fees and spending cuts, an auditor said Wednesday.

...The trust fund, established by Congress in 1970, gets half its revenue from an airline ticket tax of 7.5 percent and the rest from excise taxes on international flights, frequent flier awards, cargo and fuel.




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