Wednesday, June 9, 2010

Senate Working on BP Bailout

Related: Oil Tax Increase By Congress Would Fund Federal Cleanup, Response To Oil Spills

Breaking News: Obama Lets BP Off Hook For Oil Spill

Yeah, that's right; the BILL is going to be PICKED UP by YOU, taxpayers!!

You will be PAYING at the PUMP, if you know what I mean.

"Senate plan for oil company tax has sparks flying; GOP wants cash dedicated to spills" by Andrew Taylor, Associated Press | June 9, 2010

WASHINGTON — Senate Democrats yesterday brought up a measure that would couple a fivefold increase in the tax oil companies pay into a spill fund with help for the jobless, doctors, and cash-starved states.

Is that ALL THEY KNOW?!!!

The bill contains many long-pending provisions, including the renewal of dozens of popular tax breaks for individuals and businesses.

Yeah, well, I'm tired of turds being all dressed up for us, 'kay?

They STILL STINK!

Btw, I notice banks, wars, corporations, and Israel have no problem getting funding from this Congress.

Many elements of the bill, like the tax cuts and further unemployment benefits for people out of a job for more than six months, enjoy broad support. But Republicans generally oppose the measure’s nearly $60 billion in tax increases.

Even with those levies — on investment fund managers, oil companies, and some international businesses, among others — the measure would add about $80 billion to the deficit over the next decade, congressional analysts said....

ARE YOU EFFIN' KIDDING ME?!!!!!!

The change would raise the tax on oil produced offshore....

The move to increase the tax would raise $15 billion over the coming decade as Congress seeks to shore up the fund after the Gulf of Mexico spill....

And ADD $80 BILLION in DEBT requiring INTEREST PAYMENTS to YOU-KNOW-WHO, taxpayers -- as well as PAYING for the GULF CLEAN-UP so BP can CONTINUE to MAKE BILLIONS in quarterly profits!!!!!!!

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