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Rail vs Air: Which Gets More Government Subsidies?
Posted By Barry Ritholtz On May 9, 2011 @ 8:00 pm In Taxes and Policy | Comments Disabled
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 . . .
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URL to article: http://www.ritholtz.com/blog/2011/05/rail-vs-air-which-gets-more-government-subsidies/
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 @beckyquickcnbc: https://twitter.com/#!/beckyquickcnbc/status/67569435120107520
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