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Superfund Financing Alternatives

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  • Douglas W. McNiel
  • Andrew W. Foshee

Abstract

In 1980 Congress created the Superfund to pay for the selective cleanup of hazardous waste disposal sites. The original Superfund program was financed by earmarked “feedstock” taxes on petroleum and 42 chemicals, and by a “waste‐end” tax on hazardous waste received a t disposal facilities. Budgetary authority for the program expired in September 1985. Over a year elapsed before Congress renewed budgetary authority for the program by expanding the feedstock taxes, suspending the waste‐end tax, and imposing a new broad‐base tax on corporate income. This paper examines the efficiency and equity effects of the current and several alternative Superfund tax policies. Special emphasis is given to the administrative and compliance costs associated with each tax, and the capacity of each to complement EPA regulation of hazardous waste externalities.

Suggested Citation

  • Douglas W. McNiel & Andrew W. Foshee, 1988. "Superfund Financing Alternatives," Review of Policy Research, Policy Studies Organization, vol. 7(4), pages 751-760, June.
    • Handle: RePEc:bla:revpol:v:7:y:1988:i:4:p:751-760
    DOI: 10.1111/j.1541-1338.1988.tb00893.x
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    Cited by:

    1. Don Fullerton, 1996. "Why Have Separate Environmental Taxes?," NBER Chapters, in: Tax Policy and the Economy, Volume 10, pages 33-70, National Bureau of Economic Research, Inc.
    2. Douglas W. McNeil & Andrew W. Foshee & Clark R. Burbee, 1988. "Superfund Taxes and Expenditures: Regional Redistributions," The Review of Regional Studies, Southern Regional Science Association, vol. 18(1), pages 4-9, Winter.

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