Independent journal on economy and transport policy
19:05 GMT+2
Tax money diverted from port maintenance
(The Facts)
May 6, 2009
By Nathaniel Lukefahr The Facts
FREEPORT - Domestic seaports provide millions of jobs and infuse the economy with billions of dollars, but local and national port officials say constraints placed on the industry at the federal level have them losing ground to foreign competitors.
Occupants of every U.S. port are subject to the Harbor Maintenance Tax, which was created by Congress in 1986 to make money the U.S. Army Corps of Engineers can use to maintain navigation channels. The amount is based on how much tonnage is brought into ports ...... Read more on The Facts
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