IHS Chemical Week

EnviroTech :: Environment

Lawmakers Eye Superfund Tax

9:40 AM MDT | September 29, 2008 | Chemical Week Editorial Staff

Several Democrats introduced legislation last week that would reinstate the Superfund tax that expired in 1995 and was charged to oil and chemical companies. Senators Frank Lautenberg (D., NJ) Hillary Rodham Clinton (D., NY), and Barbara Boxer (D., CA) introduced a bill that would “shift the burden from taxpayers to industry,” the lawmakers say. The Superfund account ran out of funds five years ago, and since then cleanups have been financed by government tax revenue. Industry says the Superfund program needs to be overhauled before any new fees are...

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