The U.S. Senate Finance committee is currently considering the Recycling Investment Saves Energy (RISE) Act, a tax bill introduced by Senator Jeffords of Vermont in July. Jeffords proposes we offer companies tax incentives to recycle and reuse materials and that we make buying recycling equipment tax free. The bill has a long way to go before it’s even considered by the full Congress and may go through many changes from the Senate Finance Committee or even get tossed out. Meanwhile, the solid waste industry supports the plan and has sent Jeffords a letter to make sure he tucks in juicey perks.
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