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 5
... going back as far as 1939 . The initial concept of an Interstate Highway System was first officially presented to the Congress in that year . This concept developed and took shape through many reports and congressional and executive ...
... going back as far as 1939 . The initial concept of an Interstate Highway System was first officially presented to the Congress in that year . This concept developed and took shape through many reports and congressional and executive ...
Page 8
... going into the trust fund . Inaction by the Congress at this session regarding the temporary increasing of trust fund revenue would result in the following : ( 1 ) a 9 - month stoppage of all contracting for new highway construction and ...
... going into the trust fund . Inaction by the Congress at this session regarding the temporary increasing of trust fund revenue would result in the following : ( 1 ) a 9 - month stoppage of all contracting for new highway construction and ...
Page 27
... going to be 2,300 miles and $ 4 billion . Naturally , since it was given in that manner , we had to apportion that $ 4 billion in this particular table in accordance with the average of distribution of costs for right - of - way ...
... going to be 2,300 miles and $ 4 billion . Naturally , since it was given in that manner , we had to apportion that $ 4 billion in this particular table in accordance with the average of distribution of costs for right - of - way ...
Page 29
... going to be able to meet the 1958 estimate of costs , yes , sir . But we did know also that the 1956 legislation stipulated that the Interstate Sys- em should connect all of the principal metropolitan areas and indus- trial centers of ...
... going to be able to meet the 1958 estimate of costs , yes , sir . But we did know also that the 1956 legislation stipulated that the Interstate Sys- em should connect all of the principal metropolitan areas and indus- trial centers of ...
Page 35
... going to have to submit it to you . I have some that can be submitted to you now . ( Papers distributed . ) Mr. TALLAMY . Under those circumstances the deficit in the trust fund of 1961 would amount to $ 1.3 billion ; in 1961 , $ 2.1 ...
... going to have to submit it to you . I have some that can be submitted to you now . ( Papers distributed . ) Mr. TALLAMY . Under those circumstances the deficit in the trust fund of 1961 would amount to $ 1.3 billion ; in 1961 , $ 2.1 ...
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Common terms and phrases
additional allocation 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 402 - Now, therefore, be it Resolved ~by the Senate of Virginia, the House of Delegates concurring, That the general assembly...
Page 385 - 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 396 - Purpose of this section is to make available to the Congress information on the basis of which it may determine what taxes should be imposed by the United 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 405 - 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 Julv 22, 1959.
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 416 - 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 162 - Mr. Chairman and members of the committee. I am here today to discuss with you the important question of providing adequate financing for the Federal-aid highway program.
Page 372 - Mr. LARSON. Mr. Chairman and members of the committee, my name is Charles R. Larson. I am president of the National Rural Letter Carriers' Association, whose address is 1040 Warner Building, Washington, DC The CHAIRMAN.
Page 338 - TRUST FUND.— There are hereby authorized to be appropriated to the Trust Fund, as repayable advances, such additional sums as may be required to make the expenditures referred to in subsection (f). (e) MANAGEMENT OF TRUST FUND.— (1...