In a move reminiscent of the Extended Unemployment Benefits debacle/crisis here in N.C., our national legislative leaders have decided to hold the FAA hostage for their own political games. In both situations, what is usually a bipartisan reauthorization becomes a hardheaded stand-off (with the whole debt-ceiling thing going on in the background, no less).
What’s interesting to me is how the “tax holiday” becomes a test case of how private businesses handle visible tax breaks.
There’s some buzz that with the FAA shutdown, normal taxes/fees that go the agency will not be collected. How do the major airlines handle that? Will the savings get passed down to the consumers as many fiscal conservatives have pronounced tax breaks to businesses will do?