MOTORISTS BENEFIT

Evening Post, Volume CVI, Issue 17, 21 July 1928, Page 18

MOTORISTS BENEFIT

THREE AMERICAN BILLS Repeal of the 3 per cent, excise tax on the sale of motor-cats and passenger buses headed a trio ofc outstanding measures for the American automobile world that were enacted in the session of Congress which recently closed. Elimination of the tax will mean an annual saving to purchasers of new cars of 65,u00,000 dollars. Rated as almost of equal rank in importance to motorists was tho passage of the Federal Aid Bill. It guarantees for the iiseal years 1930 and 1931 tho continuance of the annual appropriation of 75,000,000 dollars for Federal, highway aid. Third. among tho Bills made effective was one providing 4,500,000 dollars for the construction of tho Georgo Washington Memorial Highway. It is planned to bo the nation's

best boulevard and will run from Washington *,by way of" the" "Arlington National Cemetery, to Mount Vernon, the homo of the first President." '*■•>*'■■-■'■'■" '• The yield of tho excise tax since it was first levied, in October, 1917, has totalled 1,145,786,000 dollars. Of that amount 60,473,707.81 dollars" .wiis collected last year. ..More, than 'that probably would havo been collected in 1928.- --■'--'' '-'• The total \saving accrues to the benefit of consumers, for the manufacturers, keeping to the letter of their promise to Congress and the : Pf-esident, deleted the tax from the cost.of*-feWrly new car to which they held title "wlien the President signed the Bill.