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. |
From inside the book
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Page 4
... - range methods of financing are concerned , this Department believes that consideration of any adjustment in such methods should be deferred . until January 1961 , when two important reports will be 4 HIGHWAY FINANCING PROGRAM.
... - range methods of financing are concerned , this Department believes that consideration of any adjustment in such methods should be deferred . until January 1961 , when two important reports will be 4 HIGHWAY FINANCING PROGRAM.
Page 5
... important reports will be submitted to the Congress . The first of these is the report to be submitted pursuant to section 210 of the Highway Revenue Act of 1956. This report will present the conclusions derived from a 4 - year study of ...
... important reports will be submitted to the Congress . The first of these is the report to be submitted pursuant to section 210 of the Highway Revenue Act of 1956. This report will present the conclusions derived from a 4 - year study of ...
Page 6
... important section of the Highway Revenue Act of 1956 stipulated that apportionments to the States of interstate authorizations were restricted to amounts that the highway trust fund could liquidate as the expenditures resulting from the ...
... important section of the Highway Revenue Act of 1956 stipulated that apportionments to the States of interstate authorizations were restricted to amounts that the highway trust fund could liquidate as the expenditures resulting from the ...
Page 14
... important part of this chart 1 - C , which I will skip over to , is the trust fund balance picture . We come down to a deficit at the end of 1960 of about $ 150 million ; and it is wiped out in 1961 . under that plan . ( Next chart ...
... important part of this chart 1 - C , which I will skip over to , is the trust fund balance picture . We come down to a deficit at the end of 1960 of about $ 150 million ; and it is wiped out in 1961 . under that plan . ( Next chart ...
Page 17
... important thing , I think , for your consideration is that under the moratorium and contract controls plan , the obligations for contracts drop down to $ 400 million level in fiscal 1960 as compared to a similar drop in fiscal 1961 ...
... important thing , I think , for your consideration is that under the moratorium and contract controls plan , the obligations for contracts drop down to $ 400 million level in fiscal 1960 as compared to a similar drop in fiscal 1961 ...
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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)....