IHS Chemical Week

EnviroTech :: Environment

Obama's Budget Would Reinstate Superfund Taxes, Fund Fracking Study

10:26 AM MST | February 14, 2012 | Kara Sissell

President Obama has submitted to Congress a budget proposal for fiscal year 2013 that has raised concerns among industry groups due to the possible effect on the U.S. economy, executives say. Obama’s $8.3 billion proposal for EPA is down $105 million from FY2012, the third year in a row that EPA’s budget has been cut. However, there are several items that concern industry including the proposal to reinstate Superfund taxes which expired in 1995. Superfund cleanups have since been funded by tax revenues, and industry opposes any reinstatement of the...

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