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Today in Interstate History

Representative George H. Fallon. Photo courtesy of FHWA.

July 6, 1955

The House Public Works Committee, deadlocked on dueling ideas on how to finance the Interstate System, agreed to the establishment of a special subcommittee to help resolve that issue. Representative George H. Fallon of Maryland said that the subcommittee would try to work out a compromise between the Eisenhower Administration's bond-financing proposal and his own plan to raise about $16 billion for the Interstate System over a 12-year period from increased highway user taxes. A Senate-approved bill authorizing $7.75 billion over a five-year period for the Interstate System was silent on how to raise revenues for completing the highway network.