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Authorization' of the admission of Hawaii as the 30th State. A $2 billion permanent and $' ' billion temporary increase in h ■ national debt limit, the temporary putting the ceiling at $295 billion until June 30, 1960.
Fxtension for one year of the
52 per cent corporate income tax rate and the present excise tax later, on cigarettes, alcoholic beverages, automobiles, parts and accessories, but providing for the end i,i the tax on local telephone calls rs of June 30. 1960, and reducing t1’- t iv or, transportation of pers
• ( "i 10 to 5 per cent.
Two-year extension of the Fedc- l -V. airport constmction program, authorizing $120 million in grants to States on 30-50 basis.
A new tax law for insurance companies.
Authorization to the Federal
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59.0%