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Tax 'Holiday': Airlines Benefit, Not Passengers |
July 26, 2011
It could have been a windfall for passengers, but no. Instead, the airlines, most of them anyway, are reaping the benefits of the congressional gridlock-induced airline ticket tax holiday. The taxes could have meant as much as a 15-percent break on airfare for passengers, after the midnight Friday deadline for the FAA re-authorization passed. Instead, most airlines raised prices just enough to recoup this "lost" tax money.
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