NOTE.-Federal and State data are for calendar years; local data for varying fiscal years.

Source: U.S. Department of Commerce, Bureau of Public Roads, table HF-1, preliminary, December 1968, BPR 59-1.

44357-59-30

TABLE 2.-Who is calculating? And for what purpose? Comparison of 1959 estimates of Federal highway funds by Acting Secretary of the Treasury and by Bureau of Public Roads

1 Financial conditions and results of the operation of the highway trust fund, fiscal year 1958, H. Doc. 92, 86th Cong., 1st sess., reporting that amounts in the fund under existing legislation will be inadequate. Table HF-1, preliminary, December 1958, U.S. Department of Commerce, Bureau of Public Roads, BPR-59-1, estimating that Federal funds will account for nearly 1% of all highway revenues in 1959.

Federal tax collections, calendar year 1958, U.S. Treasury Department, Internal Revenue Service, Publication No. 422 (3-59).

4 Assuming same rate of increase (25.3 percent) in 2d half of calendar year 1959 as occurred in corresponding period in 1958, calculated as follows:

TABLE 3.-Excise collections for highway trust fund, calendar 1958

[Millions of dollars]

834 1,045

1,879

1 Source: U.S. Treasury Department, Internal Revenue Service Publication No. 422 (3-59).

2 Source: Tax Foundation, Inc., "Facts and Figures on Government Finance," 10th ed., 1958-59: from Department of Commerce and Treasury Department.

3 Or 3.21 percent higher.

TABLE 4.-Analytical comparison highway trust fund receipt estimates [Dollar figures in millions]

TABLE 5.—Increases in vehicle registrations exceed 3 percent annually

In view of automotive sales in the 1st quarter of this year, it seems possible that the declining rate of increase in total registrations may be reversed in 1959."

Source: U.S. Department of Commerce, Bureau of Public Roads: BPR 59-12.

TABLE 6.—Growth of vehicle-miles of travel in United States exceeds 5.5 percent per year

[Annual total vehicle-miles of travel in United States, in millions]

NOTE.-Cumulative 10-year increase, 1947-56, of 69.2 percent is 5.5 percent compounded annual increase.

Source: U.S. Bureau of Public Roads.

TABLE 7.-Estimated and projected average annual number of persons reaching

NOTE:-All of these people are now alive. They represent permanent additions to the number of the Nation's drivers.

Source: "Current Population Reports Population Estimates," series P-25, No. 187, U.S. Department of Commerce, Bureau of the Census.

TABLE 8.-Projection of highway trust fund assuming 5-percent growth in collection rates with ABC systems leveled off at $900 million

[In millions of dollars]

FISCAL YEAR RECEIPTS LESS REGULAR "ABC" ALLOCATIONS AVAILABLE FOR INTERSTATE SYSTEM

1 Includes $39,000,000 interest 1957 through 1960.

NOTE. Current estimated cost of Interstate System is $33,952,000,000.

TABLE 9.-Cost of Federal aid highway construction is remaining stable

Source: U.S. Department of Commerce, Bureau of Public Roads, BPR 59–9.

1 Includes completed projects authorized prior to July 1, 1956.
U.S. Department of Commerce, Bureau of Public Roads, BPR-59-4.
3 U.S. Department of Commerce, Bureau of Public Roads, BPR-59-5.
4U.S. Department of Commerce, Bureau of Public Roads, BPR-59-8.
Discrepancy in rounding.

U.S. Department of Commerce, Bureau of Public Roads, BPR-59-11.

TABLE 11.-Short-term projection highway trust fund, assuming restoration of incorrectly imposed1 charges

1 At time of creation of the highway trust fund (70 Stat. 397) amounts were appropriated to it equivalent to stated percentages of particular taxes collected after June 30, 1956, and before July 1, 1972. Outstanding authorizations carried over from prior appropriations against the general fund of the Treasury, out of taxes credited in those years to the general fund, but on which work was not completed were charged against the highway trust fund to the amount of $1,980 million.

2 At 5 percent rate of growth annually (table 8).

Balance in the fund at June 30, 1959 (H. Doc. 92, 86th Cong., 1st sess.).

Hon. WILBUR D. MILLS,

SAN FRANCISCO, CALIF., July 13, 1959.

Chairman, House Ways and Means Committee,
House Office Building, Washington, D.C.:

California State Chamber of Commerce desires to be recorded at the July 22 hearings as opposed to increased gasoline tax proposals. They are unnecessary, unneeded, and unjustified.

JAMES MUSSATTI,

General Manager, California State Chamber of Commerce.