Monday, 25 April 2011

BP Getting $13 Billion Tax Break? {TAKE ACTION}

PlanetSave - 24 Apr 2011  
Last Wednesday, it was determined that BP would be getting $13 billion in tax credits. It is not clear if BP is even going to pay any taxes at all or if it will actually get money from the government after this. Why is BP getting so much money? Because of the oil spill in the Gulf of Mexico….

Yeah, that’s right, BP got to write off its losses from the oil spill. Residents and animals are suffering (if they haven’t already suffered and died) from this unprecedented disaster, the country is struggling, and BP gets to skip tax season because it’s own mistake caused it to lose money.

$13 billion is hard to even comprehend. But let’s put it this way: it’s about equal to the EPA’s annual budget, which just got slashed considerably by a Tea-Party-wacky Congress, and it’s equal to about 1/3 of the total budget cuts our government has put forward for 2011.

Now, though, one of my favorite sites, CREDO Action, is pushing BP to take responsibility for its mess and not write it off. You can sign it’s petition here.

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