Footing the Bill for Superfund Cleanups: Who Pays and How?Brookings Institution, 1995 - 176 pages How much is actually spent cleaning up the nation's toxic waste sites? And who bears the costs associated with the federal government's Superfund programme? A corporate environmental tax, along with taxes on chemical and petroleum feedstocks, generates about one billion dollars annually for the Superfund trust fund. While the broad outline of total programme costs has been known for some time, researchers are only now beginning to understand how much potentially responsible parties and their insurers spend on transaction costs and onsite cleanups. |
Contents
Introduction and Summary | 1 |
Conclusions 110 | 9 |
The Current Superfund Program | 12 |
Copyright | |
8 other sections not shown
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Common terms and phrases
administration allied products alternative minimum tax average calculate CERCLA chemical feedstocks tax Chemicals and allied cleanup and transaction co-disposal compliance cost Congressional Budget Office contamination cost of cleaning crude petroleum current Superfund dollars economic effects EIRF environmental income tax Environmental Protection Agency estimates excess burden Fabricated metal facilities finance firms hazardous substances industry sectors input-output model intermediate inputs landfills liability alternatives liability scheme multiparty sites National Priorities List NPL sites number of responsible organic chemicals orphan shares output prices party transaction costs percent of cleanup percent of total percentage Petroleum refining petroleum tax polluter pays principle pollution Priorities List sites proposal reimbursement remaining cleanup costs remedial action responsible party transaction RFF NPL Database status quo studies and cleanup Superfund liability Superfund program Superfund taxes tax rate total cleanup costs total cost transaction cost share trust fund University of Tennessee value added tax waste handling