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Highways and Housing Seen As Quick Economic Boost
Senator Gore announced hearings to accelerate the interstate highway program as a fast boost to the faltering economy. Senator Sparkman outlined plans to ease down payment requirements for 10 000 to 15 000 dollar homes and widen housing credit. The administration and House leaders discussed possible tax cuts and a new billion dollar building program linked to lease purchase. The Treasury and other agencies reportedly studied preparedness plans for tax reductions without immediate use. Gore proposes earmarking more highway user taxes to speed road building.
MENTIONED IN THIS ARTICLE
Washington
Senate
Sen
Gore
D-Tenn
Senate Public Works
Sparkman
D-Ala
Eisenhower
Treasury
President’s Council of Economic Advisers
House