Rep. Earl Blumenauer (OR) has introduced the Water Protection and Reinvestment Act of 2009 (H.R. 3202). The bill would create a Water Protection and Reinvestment Trust Fund.
Revenues for the fund would come from two new taxes. The first tax would be on the sale of water-based beverages, soaps and detergents, toothpaste, toiletries, toilet tissue, water softeners, cooking oils and pharmaceuticals. The second tax would apply to corporate income.
Expenditures from the fund would mostly support the clean water (CWSRF) and drinking water state revolving fund (DWSRF) programs. Small portions of the fund would support related programs. The bill makes some minor changes to the CWSRF legislation.
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