The Nation - News from Oct. 18, 1985

The House Ways and Means Committee approved a new broad-based corporate tax to help finance the proposed $10-billion expansion of the Superfund toxic-waste cleanup program. After the panel’s initial vote on the tax plan, the committee reversed its position and voted down the overall Superfund package. The panel, after a two-hour caucus, changed its mind again and passed the overall bill by voice vote with no further debate. The plan, which would raise $4.7 billion over the next five years, was approved despite reminders from President Reagan’s top financial advisers that he will veto any broad-based tax.