Business travel group dislikes TARP restrictions
The Association of Corporate Travel Executives has urged lawmakers to reconsider measures in the Troubled Asset Relief Program that ban companies’ use of those funds for transportation, accommodations or the use of corporate aircraft.
“Business travel is going to play a major role in the reconstruction of the national and global economy,” said (ACTE Executive Director Susan) Gurley. “Executives on all levels routinely travel for business. Business travel is the ultimate form of communication for building relationships between buyers and suppliers, for closing deals, and for expanding new business. The staggering majority of business travel represents a legitimate investment in time, money and manpower resources. It is exactly the sort of thing that TARP resources were created to help sustain during this period of economic trial.”
This smacks of tilting at windmills for the corporate travel group, which should recognize that Congress is not going to sign off on any program that could be perceived as wasteful of taxpayer dollars.
Don Mecoy
Business Writer
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