Superfund and "Polluter Pays" Tax: What are the Key Issues Influencing its Legal Status in the United States?
Article from: OGEL 3 (2004), in Taxation
Summary
On March 11, 2004 the US Senate voted against reinstating the "Polluter Pays" Superfund amendment that would reactivate taxes that could generate revenue to remediate hazardous waste sites. The taxes have been an ongoing source of funding to assist the EPA in clean-up costs. However, in 1995 they expired, leaving Superfund with no source of income beyond that of US taxpayers. The failure to reactivate the tax leaves some to believe that the Superfund Trust Fund will become bankrupt, thus raising many concerns. The purpose of this paper is to examine the "Polluter Pays" ...