Bill Would Reinstate Taxes To Replenish Superfund Trust Fund.

Pallone, Frank, 1951-; Blumenauer, Earl, 1948-

The article reports on a bill introduced by U.S. Representatives Earl Blumenauer and Frank Pallone Jr. that would reinstate corporate taxes to pay for the cleanup of superfund sites in 2007. The Superfund Reinvestment Act of 2007 unveiled by both representatives would amend the Internal Revenue Code of 1986 to replenish the Superfund Trust Fund by reinstating three taxes, including a corporate income tax. While the Congressional Democrats and environmental groups support reimposing the taxes, the Republicans and industry representatives oppose them.