Wednesday, July 28, 2010
Taxpayers May Pay For BP Oil Spill: BP Claiming Tax Credit of Nearly 10 Billion Dollars For Losses
President Obama has insisted BP would bear the entire cost of cleaning up the spill and making the injured business and wildlife whole again. And yet BP said it plans to claim $9.9 billion in U.S. tax credits based on the $32.2 billion charge it reported related to costs for the Gulf oil spill. That means that $9.9 billion that might have been going into the federal government’s general fund will be used to cut BP’s spill costs by a third.
Please write to your Congressman and urge them to stop this from happening!
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