GAO Report: Airport Trust Fund Losing Out On Fuel Taxes

Credit: Office Of Congressman Mike Pompeo (Flickr)
WICHITA—A change in the 2005 U.S. tax law has diverted $1–2 billion from the FAA’s Airport and Airway Trust Fund—more than half of the tax receipts from the sale of noncommercial jet fuel, according to a just-released report by the Government Accountability Office (GAO). The funds were intended for...
Molly McMillin

Molly McMillin, a 25-year aviation journalist, is managing editor of business aviation for the Aviation Week Network and editor-in-chief of The Weekly of Business Aviation, an Aviation Week market intelligence report.

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