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Congressmen Propose Water Trust Fund

Posted by: Nate Berg

17 July 2009 - 9:00am

A group of U.S. representatives has proposed the creation of a national trust fund for water infrastructure in the U.S.

"Revenue for the trust fund would come from proposed taxes on the pharmaceutical industry, many beverages, a variety of household goods - toothpaste, detergents, face creams and other toiletries, toilet paper, water softeners and cooking oil - that are normally disposed of in residential sewers, as well as corporate profits.

Beer and most other alcoholic beverages would be exempt from the proposed beverage tax of about four cents per container."

The Water Protection and Reinvestment Act would create a $10 billion a year fund.

Full Story: Congressmen propose trust fund for nation's water infrastructure
Source: Milwaukee Journal-Sentinel, July 15, 2009
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