Solvency of the Airport and Airway Trust Fund: Hearing Before the Committee on Ways and Means, House of Representatives, One Hundred Fifth Congress, First Session, February 5, 1997, Volume 4 |
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Administration air traffic control air transportation system Airport and Airway airport grants airport improvement Airway Trust Fund AlliedSignal authority to transfer aviation community aviation excise taxes aviation taxes Aviation Trust Fund benefits Bill Archer Business Aircraft business aviation capital programs CARDIN Chairman ARCHER Committee Congress costs COYNE December 31 deposits economic growth efficiency error estimates expired FAA's facilities and equipment Federal Aviation Federal Aviation Administration financing fiscal fuel tax hearing Highway Trust Fund HULSHOF infrastructure investment JIM RAMSTAD JOHNSON KENNELLY lapsed taxes LUBICK Monte Belger nation's air National NBAA Office operations percent PORTMAN problem questions RANGEL receipts regulation response safe harbor second previous quarter shortfall solvency statement STOLL tax liability Tax Policy Tax Return taxpayer testimony Thank THURMAN ticket tax tion Treasury Department Treasury's authority Trust Fund taxes U.S. Department uncommitted balance user fee WELLER
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Page 28 - Proper adjustments shall be made in the amounts subsequently transferred to the extent prior estimates were in excess of or less than the amounts required to be transferred.
Page 5 - Instead, exhibit material should be referenced and quoted or paraphrased. All exhibit material not meeting these specifications will be maintained in the Committee files for review and use by the Committee. 3. A witness appearing at a public hearing, or submitting a statement for the record of a public hearing, or submitting written comments in response to a published request for comments by the Committee, must include on his statement or submission a list of ail clients, persons, or organizations...
Page 2 - Pursuant to clause 2(eX4) of Rule XI of the Rules of the House, public hearing records of the Committee on Ways and Means are also published in electronic form. The printed hearing record remains the official version. Because electronic submissions are used to prepare both printed and electronic versions of the hearing record, the process of converting between various electronic formats may introduce unintentional errors or omissions.
Page 40 - Historians suggest that transportation, especially inland transportation, has played a more important role in the economic development of the United States than that of any other nation. The opening of the American interior following the War of 1812 allowed a clear demonstration of Smith's theories of specialization and economic development More recently, investment in the Interstate Highway System and the National Airspace System has led to reductions in travel time between production, population...
Page 35 - They are a critical pan of the economic fabric of our nation, generating more than $3 trillion in annual revenues and employing millions. Business aviation provides access to economic opportunity with proven results, and our community stands ready to make even greater contributions through an improved FAA and air transportation system. We look forward to working closely with this Subcommittee to chart the course that will lead us to that goal. User Fees — Unintended Consequences The most troubling...
Page 36 - Non-users benefit economically and socially from a safe, efficient and effective air transportation system. Property values and employment levels, for example, are higher in regions with access to good air transportation, yet it is not possible to charge the non-users who benefit from those economic and quality of life advantages outside of general taxes. 2.) Our nation's tax revenues are enhanced by the economic impact of a safe, efficient and effective air transportation system, since transportation...
Page 34 - If there is no further business before the committee, the committee will stand adjourned. (Whereupon the committee adjourned.) EXHIBITS INSTRUCTION No. 1 VETERANS' ADMINISTRATION, Washington 25, DC, June 30, 1948.
Page 36 - Imagine what the economy and thus the federal tax revenues of our nation would be ifthere were no air transportation. The general fund contribution spurs tremendous economic growth and tax revenues. In its study entitled, The Economic Impact of Civil Aviation on the US Economy Update 1993, Wilbur Smith Associates estimated that the US air transportation system generated $771 billion in economic activity— -5.9 percent of our nation's GNP in 1993. Assuming a modest tax rate, civil aviation contributes...
Page 35 - Member Companies and the entire nation. I commend you, Mr. Chairman, and the members of this Subcommittee for recognizing that fact and for exhibiting effective leadership in shaping the FAA's budget over the years. NBAA Member Companies are the world's most active users of general aviation for business transportation as well as extensive users of the airlines, purchasing more than $11 billion in tickets annually. NBAA Member Companies rely heavily on safe and efficient air transportation to service...
Page 42 - ... transportation services difficult If users are charged too much, they will be discouraged from using the service to the point of reducing potential economic growth. The result is a trade-off between efficiency and cost recovery: full cost recovery through charges to users may result in lost productivity, lost economic growth and lost competitiveness. Under these circumstances, government expenditures that benefit society may be worth making, even though it may not be possible to recover all costs...