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TRAVEL INDUSTRY ASSOCIATION STATEMENT ON BUDGET RECONCILIATION

 WASHINGTON, Aug. 4 /PRNewswire/ -- The Travel and Tourism Government Affairs Council of The Travel Industry Association of America (TIA) released the following statement today by its chairman, Daryl Hartley- Leonard, president of Hyatt Hotels Corporation:
 The thousands of businesses and nearly 6 million workers who comprise our nation's travel and tourism industry are severely disappointed by the Budget Reconciliation Bill (H.R. 2264), as approved by the Conference Committee. If enacted, we believe it will have a harshly detrimental impact on our industry.
 If the tax deduction is lowered to 50 percent for meal and entertainment expenses that legitimately qualify as business costs, Congress will have actively discouraged use of a respected and established form of business marketing. To refer to this is an assault on "the fat cats and their three martini lunches" is a gross distortion. The tragic result of this policy will be thousands of jobs lost directly in restaurants, hotels, convention centers and theaters because of declining use and indirectly in airlines, car rental companies and other transportation services.
 In addition, the 4.3 cents per gallon gas tax increase expands the misguided 1990 precedent of taxing travel to reduce the budget deficit. Not only will this serve as a disincentive to travel by adding to its cumulative cost, it will destroy the concept of the gas tax as "user fee" that has historically proven so reliable in funding our national transportation infrastructure.
 Travel and tourism for two decades has been America's "growth industry," generating new jobs at a rate far exceeding the rest of our economy. Instead of building on that record, of crafting policies and programs to facilitate the proven job-creating capability of travel and tourism, the reconciliation bill will depress our industry and eliminate thousands of jobs.
 In its present form, our industry strenuously opposes H.R. 2264.
 TIA is the national, non-profit association representing all components of the $380 billion U.S. travel industry. TIA's mission is to promote travel to and within the United States.
 -0- 8/4/93
 /CONTACT: Dexter Koehl or Shawn Flaherty of the Travel Industry Association of America, 202-861-3655/


CO: Travel Industry Association of America ST: District of Columbia IN: LEI SU: EXE

KD-TW -- DC009 -- 9336 08/04/93 11:32 EDT
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Publication:PR Newswire
Date:Aug 4, 1993
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