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Newspaper
Roswell Daily Record
Location
Roswell, New Mexico, United States of America
Date
Jun 29, 1941
Page
10
The 48 states impose steep taxes on gasoline with 1941 levies nearing one billion dollars making motor fuel the most taxed common commodity. If retail sales were taxed nationwide at the same rate, federal revenue would exceed four billion annually, surpassing projections from new defense taxes.
Mr. Cornell notes about two emergency federal gas taxes totaling roughly 350 million dollars. The first began in 1932 as revenue fell, intended to end when revenue rose, yet it was extended. A second temporary tax for national defense was added last year. Both taxes continue until 1945 under current law.
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