Highway Trust Fund and Federal and Highway Financing Program: Hearings, Eighty-sixth Congress, First Session, on Financing the Federal Aid Highway Program. July 22-24, 1959Considers H.R. 7939 and related bills, to raise revenue for Highway Trust Fund to finance Federal interstate highway program. Includes proposals to increase Federal taxes on gasoline, and to transfer Federal automotive excise tax revenues into the Highway Trust Fund. |
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Page 4
... dollars a year , from the general fund to the highway trust fund , would only mean that the problem would then be to raise new taxes to replenish the losses to the general fund . He also said that an even more unsatisfactory alternative ...
... dollars a year , from the general fund to the highway trust fund , would only mean that the problem would then be to raise new taxes to replenish the losses to the general fund . He also said that an even more unsatisfactory alternative ...
Page 8
... dollar amount of increased work resulting from the 1958 act would correspondingly be eliminated in the last years of the program . In other words , expediting it in fiscal 1959 , 1960 , and 1961 would have meant reducing the size of the ...
... dollar amount of increased work resulting from the 1958 act would correspondingly be eliminated in the last years of the program . In other words , expediting it in fiscal 1959 , 1960 , and 1961 would have meant reducing the size of the ...
Page 10
... dollars ] . Apportionments Obligations Expenditures Trust fund balance Fiscal year Annual Cumu- Annual lative Cumu- Annual lative Cumu- Annual Cumu- lative lative 1957 . 1,000 1,000 1,383 1,383 208 208 1958 +516 1,700 +516 2,700 1,860 ...
... dollars ] . Apportionments Obligations Expenditures Trust fund balance Fiscal year Annual Cumu- Annual lative Cumu- Annual lative Cumu- Annual Cumu- lative lative 1957 . 1,000 1,000 1,383 1,383 208 208 1958 +516 1,700 +516 2,700 1,860 ...
Page 11
... DOLLARS INTERSTATE HIGHWAY PROGRAM 1957-1964 WITH 11⁄2 CENT ADDITIONAL MOTOR FUEL TAX 1960-1964 TOTAL $ 16.500 TOTAL ... DOLLARS FEDERAL FUNDS - BILLIONS OF DOLLARS O INTERSTATE HIGHWAY PROGRAM HIGHWAY FINANCING PROGRAM 11 Interstate ...
... DOLLARS INTERSTATE HIGHWAY PROGRAM 1957-1964 WITH 11⁄2 CENT ADDITIONAL MOTOR FUEL TAX 1960-1964 TOTAL $ 16.500 TOTAL ... DOLLARS FEDERAL FUNDS - BILLIONS OF DOLLARS O INTERSTATE HIGHWAY PROGRAM HIGHWAY FINANCING PROGRAM 11 Interstate ...
Page 12
... dollars ; at the end of 1959 , it will be about $ 500 million . Then it would reduce to a little below the levels indicated in this chart . The reason for the balance being lower than shown in the chart is that this chart of balances is ...
... dollars ; at the end of 1959 , it will be about $ 500 million . Then it would reduce to a little below the levels indicated in this chart . The reason for the balance being lower than shown in the chart is that this chart of balances is ...
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Common terms and phrases
additional amount apportionment areas asphalt Association automobile automotive taxes BARTELSMEYER benefits bill BRAZELL budget Bureau of Public Byrd amendment BYRNES cents per gallon CHAIRMAN cities Commerce completed Congress contracts cost CURTIS Defense Highways deficit dollars economy estimate excise taxes expenditures Federal aid Federal gasoline tax Federal Government Federal Highway Administrator Federal highway program Federal tax Federal-Aid Highway fiscal fuel tax gram HARRISON Highway Act highway construction highway departments highway system highway trust fund highway user taxes highway users industry Interstate and Defense Interstate Highway Interstate Highway System interstate program Interstate System jobber July 21 KANS legislation liquefied petroleum gas ment miles motor fuel tax motorists needs opposed percent period Petroleum present problem proposed Public Roads right-of-way schedule Sheraton-Park Hotel STANS tax on gasoline tax on motor temporary Thank tion traffic Treasury trucks vehicles W. L. OSWALD Washington WILBUR D
Popular passages
Page 211 - Since it is unfair and unjust to tax motor- vehicle transportation unless the proceeds of such taxation are applied to the construction, improvement, or maintenance of highways...
Page 381 - I hereby certify that this is a true and correct copy of the resolution passed at the Thirty-sixth Division Association Convention held at Brownwood, Tex., January 19, 20, and 21, 1946.
Page 178 - Fund (exclusive of repayments of such advances) ; or "(2) that the distribution of the tax burden among the various classes of persons using the Federal-aid highways, or otherwise deriving benefits from such highways, is not equitable, the Congress shall enact legislation in order to bring about a balance of total receipts and total expenditures, or such equitable distribution, as the case may be.
Page 271 - AUTHORIZATION OF APPROPRIATIONS. — For the purpose of expediting the construction, reconstruction, or improvement, inclusive of necessary bridges and tunnels, of the Interstate System...
Page 412 - SEC. 6420. Gasoline used on farms — (a) Gasoline. If gasoline is used on a farm for farming purposes, the Secretary or his delegate shall pay (without interest) to the ultimate purchaser of such gasoline the amount determined by multiplying — (1) The number of gallons so used, by (2) The rate of tax on gasoline under section 4081 which applied on the date he purchased such gasoline.
Page 392 - States, and in what amounts, in order to assure, insofar as practicable, an equitable distribution of the tax burden among the various classes of persons using the Federal- Aid highways or otherwise deriving benefits from such highways.
Page 271 - System be completed as nearly as practicable over a thirteen-year period and that the entire System in all the States be brought to simultaneous completion. Because of its primary importance to the national defense, the name of such system is hereby changed to the "National System of Interstate and Defense Highways".
Page 401 - I hereby certify the foregoing to be a true and correct copy of resolution adopted by the Council of the City of Los Angeles at its meeting held July 22, 1959.
Page 456 - ... vehicle (i) which (at the time of such sale or use) is registered, or is required to be registered, for highway use under the laws of any State or foreign country, or (ii) which...
Page 224 - Alabama Petroleum Association, Inc. Arkansas Oil Marketers Association. California Petroleum Marketers Council (Jobber Division). Colorado Petroleum Marketers Association. Connecticut Petroleum Association. Empire State Petroleum Association (New York). Florida Petroleum Marketers Association, Inc. Georgia Oil Jobbers Association. Illinois Petroleum Marketers Association. Independent Oilmen's Association of New England (Massachusetts, Rhode Island, Connecticut, Maine, New Hampshire, and Vermont)....