Reinstatement of Superfund tax will hurt chemical industry, ACC says

06/20/2010 | Washington Post, The

A legislative effort headed by Rep. Earl Blumenauer, D-Ore., to reinstate the "Superfund" tax on oil and chemical companies is gaining traction. The chemical industry's members "have invested literally billions of dollars" into cleaning up sites, making the bid to restore Superfund excise taxes "blatantly inequitable and unfair," said Cal Dooley, president and CEO of the American Chemistry Council. The measure will also curtail "economic recovery" because it will be "shifting jobs outside the United States to chemical manufacturers that would not be subject to this tax," Dooley added.

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