Time Clock, Nov. 14, 1955

MAMMOTH HIGHWAY PLAN on a pay-as-you-go basis is expected to get the green light from Congress next year. The Administration has ditched General Lucius Clay's bond-financing plan in favor of a 13-year, $26 billion program financed either by increased user taxes or by a combination of taxes and tolls. Congressmen and truckers who stalled the pay-as-you-go formula this year are now reported ready to back a program financed entirely by increased user taxes, including boosts of 2¢ a gal. on gasoline, 2¢ a Ib. on tires, tubes and retreading materials, plus higher excise...

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