The Many Hazards of a Mega-Superfund

Publication Date: June 1985

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Milton R. Copulos

Research Area: Environment

Keywords: Energy and environment

Type: Report

Abstract:

Clearly the current funding scheme, which assesses only 15 companies some 56 percent of the tax, is unfair. Similarly unacceptable ought to be other financing proposals, such as an excise tax, which creates a permanent new tax and contradicts the welcome proposals for a simpler and fairer tax code. To the extent that the clean-up of the limited number of orphan sites is a national problem, and to the extent that Superfund's responsibility mirrors the original intent and scope of the law, Superfund should be financed from general revenues.