Word: superfundã
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...those who remember Superfund??€™s glory days—back in the ’80s and ’90s when it was flush with money—the program’s funding problems may seem unbelievable. It all stems from Congress’s decision in 1995 to turn its back on the principle that polluters should pay to clean up the messes they make. Until 1995, Superfund got most of its money from polluters. In most cases, the company that contaminated a site would pay to clean it up. In cases where no existing...
...Congress failed to reauthorize the trust fund, shifting the burden from polluters to taxpayers. Since then, polluters have enjoyed a $4 million-a-day tax break at the expense of everyone else. In 1995, taxpayers covered just 18 percent of Superfund??€™s costs. This year, they will pay for a larger portion of the program. And now that the president has plunged the country into fiscal crisis, right-wing opponents of Superfund have an excuse to cut the program’s funding. Just when the Bush administration claimed it could not afford to add sites...
...nationwide, are the victims of a president and a Congress that puts polluters before people. Though we doubt President Bush and his kangaroo Congress will have a change of heart, reauthorizing the trust fund would be the right thing to do. And, in the meantime, Congress ought not cut Superfund??€™s budget anymore. The people of Fairhaven deserve better than that...
...term, President George W. Bush has all but proven who his real constituents are—big business and industry. In his latest budget, Bush flatly declined to reauthorize the tax on high-polluting industries that once kept the environmental cleanup trust fund—known as the Superfund??€”self-sustaining. The fund, which was created in 1980, has shrunk from billions of dollars to less than $100 million today without the corporate contributions...
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