H.R.3202 : Water Protection and Reinvestment Act of 2009

Though the taxes are “designed to be collected at the manufacturer level, only the most naive would doubt that multinational corporations would just pass the cost on to the consumer in the form of higher prices, as is routine.

Items disposed of in wastewater, such as toothpaste, cosmetics, toilet paper and cooking oil will be subject to a 3% excise tax, while water beverages will be hit with a 4% tax, “because these products wind up in the water stream and require clean up by sewage treatment plants, according to the bill.

The legislation also cites “climate change mitigation as a justification for imposing the taxes. The Feds’ new feeding frenzy will rake in around $10 billion dollars a year.

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˜SEC. 4171. IMPOSITION OF TAX. (click to expand)

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