This morning, Becky Quick tweeted:
Transportation Sec. LaHood points out Amtrak made money last year. But it’s needed $30b in subsidies over the last 3 decades. -@beckyquickcnbc
That is a fair observation — but it is rather incomplete, at least regarding air travel. We build massive airports, there is the entire FAA; We now have the TSA, and we bailed the airlines out after 9/11.
All of which raises the following query:
How much do we subsidize air travel?
Feel free to explain what transport subsidies are out there . . .
Category: Taxes and Policy