Article is too long to post but here are some highlights . . .

http://www.aopa.org/pilot/features/2007/feat0705.html

For general aviation, user fees and tax hikes would impose a burden on pilots amounting to $968 million annually.

Meanwhile, airlines would enjoy major cuts in their payments.

In all, the bill would reduce the "legacy airlines" (such as American, United, Delta, and Northwest) payments to the trust fund by about 27 percent, or $1.7 billion per year, compared with the current arrangement. For the low-cost carriers, such as Southwest and JetBlue, payments channeled to the government would be cut by 15 percent, or about $286 million per year.

Last, but certainly not least, the bill turns the airlines into full partners with the FAA on matters of decision making.

If this bill is passed, the administrator can levy fees and other charges by publishing them in the Federal Register. This leaves the door open to fee increases

Most of the bill's references to fees are vague

It's also safe to assume that the airlines will figure out other ways to try to make passengers bail them out of their financial difficulties. One airline has already advanced the idea of charging passengers $5 for the first checked bag — and $100 for each additional bag. (LOL!!!!)

It elevates the FAA administrator (meaning not just the administrator but also those in the administrator's inner circle, and its constellation of grasping lobbyists) to the role of unsupervised, unaccountable autocrat, with unlimited fiscal decision-making powers.