Wynn Resorts News

Cruise Industry Adds to US Trade Defecit Declares Lobbyist

Executive claims 'Carnival Triumph', 'Carnival Splendor' & even 'Costa Condordia' are but the "Tip of the Iceberg". World City America Inc., president, Stephanie Gallagher asks when will U.S. politicians and reporters ask the right questions about this non-U.S. industry? American passengers account for over 90 percent of the revenues earned by over 150 foreign-flag cruise ships sailing out of U.S. ports. It's a $40 billion-a-year industry that competes unfairly with American hotels, resorts, casinos and convention facilities. "Unfairly" because it is exempt from U.S. safety, environmental and labor regulations. It does not pay U.S. corporate taxes on its profits, and it is not required to hire American officers or crew.