Superfund Tax Reinstated: A Case Study

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Should Superfund Tax Be Reinstated
In the early eighties through the early nineties, the Superfund program was funded largely by taxes on imported petroleum, crude oil, imported substances that use hazardous chemicals as a feedstock, and on corporate modified alternative minimum taxable income (Solid Waste and Emergency Reponse [OSWER], 2010).
Since those taxes expired at the beginning of 1996, Superfund has been largely financed from General Revenue transfers to the Superfund Trust Fund (OSWER, 2010). The Superfund program was designed to protect human health, and cleanup hazardous sites (OSWER, 2010).
According to the OSWER, Superfund over the course of its time cleaned 900 of the most contaminated sites in the nation and inspired other waste protection programs such as the Brownfields program involving less contaminated sites (OSWER, 2010). There has been talk about reinstating the program, but some are for it. While others believe that although it should be reinstated, tax payers shouldn’t be footing the bill. …show more content…

He further states that congress must reinstate the polluter pays fee (Easton, 2014). Which would make both taxpayers and the company pay towards the funds.
Without corporate fees to replenished superfunds, there would not be enough money to do the critical job of cleaning up waste (Easton, 2014). Furthermore, Fortune 500 corporations are declaring bankruptcy and avoiding the cost of cleaning up, leaving taxpayers to make up for allthe cost (Easton,

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