I say to the chairman we have laboriously analyzed the position, and to summarize it, the total airline passenger payments that would result from the shifting of costs under this proposal would be the equivalent of a tax of 16 rac{1}{2} percent on air travelers compared to 10 percent tax now, and new taxes and fees on an airline industry that has lost $11 billion over the last 4 years.
Editor's note · Context
Discussing the financial impact of proposed cost shifts on airline passengers and the industry.
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