This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Airlines For America Says Senate-Passed Budget Hikes TSA Passenger Tax, Adds Insult To Injury For Airlines And Customers

WASHINGTON, March 23, 2013 /PRNewswire-USNewswire/ --  Airlines for America (A4A), the industry trade organization for the leading U.S. airlines, today expressed strong opposition to a provision within the Senate-passed budget resolution, which immediately doubles, and eventually triples the TSA passenger security tax on the backs of the airlines, passengers and shippers, who collectively paid a record $2.3 billion in TSA taxes and fees last year and already pay more than their fair share of federal aviation taxes.

(Logo: http://photos.prnewswire.com/prnh/20111201/DC15444LOGO )

"Airlines and their passengers paid nearly $19 billion in federal taxes last year alone, and today roughly $61 of a typical $300 roundtrip ticket goes straight to Washington in federal taxes," said A4A President and CEO Nicholas E. Calio. "TSA's budget has increased 18 percent since 2007 while the number of passengers carried by U.S. airlines fell 4 percent. We believe there is opportunity to achieve greater efficiencies – without greater taxes – and we look to further partner with TSA and the Administration on expanding risk-based security options that improve safety, security and efficiency."

The budget resolution passed by the Senate doubles the TSA passenger security tax to $5 per one-way trip, and triples the tax to $7.50 per one-way trip by 2017, costing airlines and their customers $2.5 billion annually over the next ten years. A4A believes full implementation of programs that take a risk-based approach to security, such as TSA PreCheck for passengers and Known Crewmember for pilots and flight attendants will enhance security and screening efficiency and are a more appropriate way to help drive down TSA operating costs.

ABOUT A4A

Annually, commercial aviation helps drive more than $1 trillion in U.S. economic activity and more than 10 million U.S. jobs. A4A airline members and their affiliates transport more than 90 percent of all U.S. airline passenger and cargo traffic. America needs a cohesive National Airline Policy that will support the integral role the nation's airlines play in connecting people and goods globally, spur the nation's economic growth and create more high-paying jobs.

For more information about the airline industry, visit www.airlines.org and follow us on Twitter @airlinesdotorg.

For more information about the National Airline Policy campaign visit: www.nationalairlinepolicy.com, Twitter: @Natl_Air_Policy and Facebook: facebook.com/nationalairlinepolicy.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs