Welcome

House Budget Plan Would Broaden Bipartisan Superfund Tax Revival

Sept. 14, 2021, 8:47 PM

House Democrats are planning to expand on one of the Senate-passed infrastructure plan’s pay-fors in their own tax-and-spend plan: a revival of Superfund excise taxes that expired in the mid 1990s.

The House Ways and Means Committee wants to bring back the excise taxes on crude oil and imported petroleum products, as well as on certain chemicals, critical minerals, and metallic elements. The proposal is intended as part of a tax-and-spend package of up to $3.5 trillion that Democrats aim to pass without Republican support using budget reconciliation.

The federal Superfund program is designed to clean up some of the ...

To read the full article log in. To learn more about a subscription click here.