Saturday, July 3, 2010

"No Taxation On BP Spill Victims"

By Ken Hoagland

"According to a recent Associated Press report, payments by British Petroleum to oil spill victims will be taxed as regular income. The same report quoted several Gulf Coast residents as saying that the money has been entirely spent to make house payments and keep food on the table. They are understandably angry that they will be billed by the IRS for what little help has arrived."

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1 comment:

bondwooley said...

Obama told America that if we can win WWII and put a man on the moon, we can plug this leak and solve our dependency on fossil fuels.

But there's a missing piece: the soldiers in WWII had the Pentagon and Neil Armstrong had NASA. What's the man on the street supposed to do to solve the fossil fuel problem? Is it time for an organized, funded effort? One to stop crises like this and solve our dependency in the future?

The following link is to a satirical video, but it underscores this issue in real terms.

Link: You're Soaking In It