Date: April 10, 2002
Source: News Room
The Bush administration could ask Congress to reimpose the polluter's tax to pay for cleaning up Superfund sites in the 2004. EPA officials said the White House is reconsidering its opposition to the tax, which expired in 1995. At issue is the Superfund trust fund, created in 1980 to hold revenue from a special tax on the oil and chemical industries and other businesses that process or use toxic substances. The trust fund's revenues have fallen from $3.6 billion in 1996 to a projected $28 million at the end of 2003. In his 2003 budget plan, President Bush proposed spending $1.3 billion on the Superfund program, the same as the current year.
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