Photo: jim bahn via flickr
The squabble between Senate Democrats and House Republicans demanding $15.6 million in rural air subsidy cuts could cost the government $1.2 billion in lost revenue.According to The Washington Post, the FAA shutdown is less than two weeks old and already it’s cost the government $250 in lost taxes.
The dispute is on the back-burner following the debt ceiling debate and with a five-week break about to commence for lawmakers the uncollected revenue could total more than $1 billion.
The annual budget for the rural air service program is $200 million — the same amount the government is losing every week the FAA shutdown continues.
Check out how major airlines are lining their pockets while the government gets fleeced >
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