Gasoline Taxes Inthe United States

Alan Dawes 24 August 2009 Gasoline Taxes in the United States The content valuateation on petrol has been a widely debated report since the archaeozoic 1920’s. In the last five courses pecuniary burden, and the cost of shooter have forced drivers to change their parkway habits, which in mo decreased the amount of m 1y the federal official governing has received from accelerator assess grosses. The value on petrol was started by President Herbert Hoover in 1932 at one penny per gallon. This assess was only supposed to last until the windup of the fiscal year which was June of 1933. The tax did non expire, however, just was increase by a one-half cent per gallon in accordance with the bailiwick Industrial Recovery Act. A year later the tax revenue Act brought the tax back vanquish to one cent per gallon. The tax was then given a “temporary” status, distributively date it was extended, until 1941 when the Revenue Act of 1941 do th e gas tax permanent and again added a half cent to the tax (Sweet). The tax was increase to support the res publica’s military campaigns in World War II. At the time of the tax the American people were tolerant of the tax because they cherished to support the warfare effort. When the war ended people did not like the thinking of paying a federal tax on gasoline anymore.

There was a suggestion to bring up the federal tax and increase each enjoin’s gas tax by that amount to pedigree state highway programs (Sweet). The Revenue Act of 1951 increased the tax on gasoline to 2 cents per gallon, to support yet ano ther war effort in Korea. In 1956, in tell ! apart to caudex the Interstate System, the tax on gas was increased to 3 cents per gallon. There was also a new fund created conflict cry the passageway Trust Fund (HTF)where the tax revenue from gas, tires, and sales of new vehicles would be credited. In 1959 the gas tax was increased to 4 cents. President John F. Kennedy signed a snout that extended the 4 cent gas tax until 1972. In 1982 President Reagan increased the tax to 9 cents per gallon, but the Highway Trust Fund...If you want to get a effective essay, order it on our website: OrderCustomPaper.com

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