The Federal Excise Tax on Gasoline and the Highway Trust Fund: A Short History
Description:
Excise taxes have long been a part of our country's revenue history. The federal government first imposed its excise tax on gasoline at a one-cent per gallon rate in 1932 to correct a federal budgetary imbalance. The burden for much of the tax ultimately falls on the consumer. The Highway Revenue Act of 1956 established the federal Highway Trust Fund for the direct purpose of funding the construction of an interstate highway system and aiding in the finance of primary, secondary, and urban rout…
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Date:
April 4, 2006
Creator:
Jackson, Pamela J.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department