- Infowars - http://www.infowars.com -
Obama plans to “punish” BP with tax hike as Gulf spill worsens
Posted By admin On May 13, 2010 @ 1:13 pm In Washington Politics | Comments Disabled
May 13, 2010
Editor’s note: In other words, you will be taxed for the oil spill.
Oil companies face an immediate tax rise of 1 cent per barrel to help to pay for the clean-up in the Gulf of Mexico under proposed legislation rushed out by the White House yesterday.
The measure, unveiled as BP began a new attempt to contain the ruptured well that has leaked millions of gallons of crude oil into America’s southern coastal waters, would put an extra $500 million (£340 million) over ten years into the Oil Spill Liability Trust Fund, which covers damage caused by such disasters.
Under a $118 million spending plan outlined in the package, people affected by the spill — such as fishermen who have lost their livelihoods because of the contamination — will be granted financial assistance, and federal agencies will get additional funds to monitor the slick and assess its impact.
Article printed from Infowars: http://www.infowars.com
URL to article: http://www.infowars.com/obama-plans-to-punish-bp-with-tax-hike-as-gulf-spill-worsens/
Copyright © 2013 Infowars. All rights reserved.