Wednesday, October 3, 2007

CSM summary

The article is basically about the government program called Superfund, which helps to clean up heavily polluted bodies of water, and how it is going bankrupt. The fund was based on the idea that the polluter should pay the price to clean up the damage, but in recent years money has not been coming from corporations but from common taxpayers. Many of the companies that caused the pollution are now currently closed down or bankrupt, so Superfund has been unable to receive money from them. On top of this, Congress never renewed the extra income tax on oil and chemical companies, which up until 1995 provided much of the funding for the program. In recent years, the amount of pollution cleaned up per year has decreased drastically due to the lack of income, and there are still a lot more high priority areas that desperately need cleaning. With little money left in Superfund, and no way to raise more money, the future for many highly polluted areas looks grim.

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