Mr. Secretary; We are pleased to appear before you today to express the views of the Council on Wage and Price Stability concerning the issue of the financing requirements for aircraft noise reduction. My name is James C. Miller for Government Operations and Research. With me today is Dr. John F. Morrall III., one of the Council’s Senior Economists.
Mr. Secretary, on behalf of the Council, I would like to commend you for the actions you have taken in addressing this important issue. We are particularly impressed by the balanced presentation contained in your Aviation Noise Abatement Policy statement issued on November 18, 1976, and by the discussion of the issues contained in your notice entitled Financing of Aircraft Noise Reduction Requirements, which appeared in the November 22nd issue of the Federal Register.