MOTORISTS BENEFIT.

Hawera Star, Volume XLVII, 11 August 1928, Page 15

MOTORISTS BENEFIT.

THREE AMERICAN BILLS. Repeal of the 3 per cent, excise tax on the sale of motor-cars and passenger buses headed a trio of 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 ears of 65,000.000 dollars.

Rioted as almost of equal rank in importance to motorists was the passage of the Fcdcni'l Aid Bill. It guarantees for the fiscal! years 1930 and 1931 the continuance of the annua) appropriation of 75.000,030 dollars for Federal highways aid. Third among the Bills made effective was one providing 4,500,900 dollars for the construction of the George Washington Memorial Highway. It is planned to be the nation’s best boulevard, and will run from Washington by way of the Arlington National Cemetery to Mount Vernon, the home of the first. President.

The yield of the excise tax since it was first 'levied, in October, 191.7, has totalekl 1.145.786,000 dollars. Of that amount 60,473,707.81 dollars was collected last year. Afore than that probably would have 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 President, deleted the tax from the cost of every new car to which they held title when the President- signed the Bill.