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The Nome Nugget
Nome, Nome County, Alaska
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In Washington, the House Ways and Means Committee rejected for the second time a proposal to increase the federal gasoline tax by four cents a gallon for 21 months to fund the interstate highway program amid a financing crisis. They plan another attempt on Tuesday, reverting to their position from July 29.
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Rejects Gas Tax Bill
WASHINGTON, (P)-The House Ways and Means Committee today rejected for the second time an increase in the federal gasoline tax to keep the interstate program from coming to a halt for lack of funds.
The committee scheduled another effort Tuesday to solve the highway financing crisis.
The committee turned down a proposal to four cents a gallon for the remaining 21 months of the next two fiscal years which end June 30, 1961.
The Ways and Means Committee, which is charged with raising the funds to satisfy authorizations set by the Public Works Committee, thus was back where it started July 29.
By its action today, it reconsidered and put aside a plan voted on that date to issue a billion dollars of revenue bonds to tide the highway program over the short-range financial crisis.
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Washington
Event Date
July 29; Fiscal Years Ending June 30, 1961
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The House Ways and Means Committee rejected a second proposal to increase the federal gasoline tax by four cents a gallon for the remaining 21 months of the next two fiscal years ending June 30, 1961, to fund the interstate highway program and avert a halt due to lack of funds. This action reconsidered and set aside a prior plan from July 29 to issue a billion dollars in revenue bonds, returning to the initial position. Another effort is scheduled for Tuesday.