EDITORIAL: Superfund, no longer such a super fund
We know just how expensive because since the Superfund taxes expired in 1995, the cleanup and oversight costs for waste-polluted properties have run to more than
So the tab goes to the
This report on the Superfund program came from Carnegie-Knight News21, a national investigative reporting project out of the
This is a classic case of a good program failing to get the job done because the taxes that supported it were allowed to expire in 1995, and while this will doubtless shock Americans, members of
That is of course a ridiculous irony: No law to put taxes on businesses that may be responsible for pollution, sometimes for absolutely horrendous pollution affecting thousands of acres and thousands of people -- a chemical spill, for example -- but a willingness to let average taxpayers pay the bills for offending industries.
And
The types of substances that can be involved in environmental spills of the type that the Superfund program is designed to clean up include, News21 reported, chemicals linked to cancer, birth defects and infertility. And Census data shows that 53 million Americans live within 3 miles of a Superfund remedial site.
With less money in the program, what cleanups there are move more slowly, which means risks from environmental spills last longer.
The Superfund taxes should be reinstated.
For them, and for millions of other people likely to be affected in the future, as the risks from relaxed environmental regulations under Trump become greater, this is an issue that must be addressed with an urgency justified by the risks already looming for millions.
___
(c)2017 The News & Observer (Raleigh, N.C.)
Visit The News & Observer (Raleigh, N.C.) at www.newsobserver.com
Distributed by Tribune Content Agency, LLC.



Florida Residents Let Loose With Insurance Complaints
St. Joseph fire sparks lawsuit against Kemper Arena developer Foutch Brothers
Advisor News
- Tax anxiety is real, although few have a plan to address it
- Trump targets ‘retirement gap’ with new executive order
- Younger investors are engaged and advisors must adapt
- Plugging the hidden budget leaks of retirement
- Hagens Berman: Retired First Responders Sue Washington State over Rights to $3.3B Pension Funds Threatened by Lawmakers
More Advisor NewsAnnuity News
- Transamerica introduces new RILA with optional income features
- Transamerica introduces RILA with optional income features
- American Life expands into Wyoming and Mississippi markets
- Knighthead Life Enters U.S. Fixed Indexed Annuity Market
- The case for DTC/agent hybridization
More Annuity NewsHealth/Employee Benefits News
- Florida state employee health insurance premiums frozen for 2026-27
- Health insurer settles $5M ‘deceptive marketing’ lawsuit with Mass. AG
- Why are rates going up?
- REPUBLICANS DID THAT: Millions of Americans Drop ACA Coverage After GOP Allowed Tax Credits to Expire
- SchoolCare ordered to continue covering Dover school employees
More Health/Employee Benefits NewsLife Insurance News
- National Life Group Names Jason Doiron CEO of NLG Capital to Lead the Next Phase of Growth
- Life insurance sales surge 7% in 2025, but the work isn’t over
- The case for DTC/agent hybridization
- Ann Heiss
- Convertible market dynamics and the portfolio implications for insurers
More Life Insurance News