Obama’s Justice Department may offer a sweetheart deal to BP that is structured to help BP dodge taxes and force taxpayers to foot some of the burden of the 2010 gulf oil spill. The New York Times reports:

“The settlement proposal would cap the amount of fines that BP might pay for violations of the Clean Water Act to $6 billion, significantly less that it might face if the trial proceeds. The proposal would allow BP to pay an additional $9 billion to resolve environmental penalties related to the spill, an alternative that would lessen the impact on the company’s tax liabilities. The environmental penalties, under separate laws, are tax deductible, while fines like those imposed under the Clean Water Act are not.”

Put simply: The US Government is reported to be considering offering a deal to BP that would include a huge tax write-off, to the tune of roughly $9 billion.

TAX DEDUCTIBLE FINES AND PENALTIES FOR CRIMINAL ACTIVITY IS A REPREHENSIBLE IDEA!

SIGN THE PETITION DEMANDING THAT WASHINGTON GET SANE!! http://action.priceofoil.org/p/dia/action/public/?action_KEY=12654

Tell President Obama and Attorney General Holder: We demand that any settlement with BP regarding the 2010 gulf oil spill not include any tax-deductible penalties or fines. BP should not be rewarded for the largest oil spill in US history.

Not my country. Not my President.

Comments

telliottmbamsc's picture
telliottmbamsc 5 years 33 weeks ago
#1

Obama must think the People are supposed to shoulder the cost of his every indulgence extended to corporate America in order to ensure his parties - the Democrats - success. We do have an alternative – a third political party. And what about getting money out of politics.

As Tammy Baldwin's office once told me: that's the price you have to pay for Democratic Leadership [instead of Republican leadership]

Ken Chapin's picture
Ken Chapin 5 years 33 weeks ago
#2

Thank you for alterting us to this proposal.

I signed the petition and will send it out to those on my distribution list.

I certainly agree that we need money out of politics.

We need to develop a truly PROGRESSIVE PARTY.

telliottmbamsc's picture
telliottmbamsc 5 years 33 weeks ago
#3

Kill 11 People plus a few bathers, hide the fact that you destroyed the Gulf of Mexico behind a media blitz, and Wah La! Earn yourself a Tax Deduction!

A tax deduction extended at a time, I might add, the government is laying off teachers and cutting back on other domestic programs that benefit 300 odd million little people” (aka “American Citizens) because we’ve been told that we have to cut back on spending. You know, join the rest of the world in their dis-economic pursuit of Wall St motivated austerity measures.

America has hit bottom.

telliottmbamsc's picture
telliottmbamsc 5 years 33 weeks ago
#4

Obama and Hillary's BP was $10’s of millions over budget and more than a month behind schedule when they cut corners on doomed Gulf oil well.

http://www.reuters.com/article/2013/02/28/bp-spill-trial-idUSL1N0BSD1020130228?feedType=RSS&feedName=rbssEnergyNews&rpc=43

telliottmbamsc's picture
telliottmbamsc 5 years 33 weeks ago
#5

The use of Goldman Sach's Corexit to hide the spilled oil, represents a toxic spill in itself for which BP will never be punished.

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The Thom Hartmann Program - Aug 30th 2018

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