BP wants you to pay for the cleanup
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From: edspyhill01 on 29 Jul 2010 16:22 Even though President Obama promised BP will cover 100% of the cost of repairing and cleaning up the Gulf Oil Disaster, the Wall Street Journal reports that BP will force taxpayers to pick up at least $9.9 billion of the bill. How will this happen? BP is planning to use tax-code provisions that allow companies to get refunds on losses. Since the disaster will cost BP at least $32 billion, they want almost $10 billion dollars from taxpayers -- effectively cutting BP clean-up costs by a third. This is unacceptable. The good news is getting BP to drop their claim is a fight we can win. Just this year, public pressure got J.P. Morgan Chase to drop its plan to claim $1.4 billion in tax credits after receiving $25 billion of bailout money. And Goldman Sachs Group agreed not to claim $187 million in tax breaks on the $550 million SEC fine over the Abacus mortgage lawsuit.
From: Clive on 29 Jul 2010 17:44 In message <ef5a28d9-a4b7-4b2c-98e7-24808cb761cc(a)i31g2000yqm.googlegroups.com>, edspyhill01 <edspyhill01(a)gmail.com> writes >Even though President Obama promised BP will cover 100% of the cost of >repairing and cleaning up the Gulf Oil Disaster, the Wall Street >Journal reports that BP will force taxpayers to pick up at least $9.9 >billion of the bill. >How will this happen? BP is planning to use tax-code provisions that >allow companies to get refunds on losses. Since the disaster will cost >BP at least $32 billion, they want almost $10 billion dollars from >taxpayers -- effectively cutting BP clean-up costs by a third. >This is unacceptable. >The good news is getting BP to drop their claim is a fight we can win. >Just this year, public pressure got J.P. Morgan Chase to drop its plan >to claim $1.4 billion in tax credits after receiving $25 billion of >bailout money. And Goldman Sachs Group agreed not to claim $187 >million in tax breaks on the $550 million SEC fine over the Abacus >mortgage lawsuit. Don't be too hasty. If you were offered a tax break would you refuse it? Further, just remember that a lot of pension funds have a large investment in BP, so you could be trying to cut your own throat. Oh and remember that whilst the original name was British Petroleum, it's not been that for a few years now, but is just BP and the stock is held world wide with as much in America as in Britain. -- Clive
From: The Henchman on 29 Jul 2010 19:54 "edspyhill01" <edspyhill01(a)gmail.com> wrote in message news:ef5a28d9-a4b7-4b2c-98e7-24808cb761cc(a)i31g2000yqm.googlegroups.com... > > Even though President Obama promised BP will cover 100% of the cost of > repairing and cleaning up the Gulf Oil Disaster, the Wall Street > Journal reports that BP will force taxpayers to pick up at least $9.9 > billion of the bill. > > How will this happen? BP is planning to use tax-code provisions that > allow companies to get refunds on losses. Since the disaster will cost > BP at least $32 billion, they want almost $10 billion dollars from > taxpayers -- effectively cutting BP clean-up costs by a third. > > This is unacceptable. > > The good news is getting BP to drop their claim is a fight we can win. > Just this year, public pressure got J.P. Morgan Chase to drop its plan > to claim $1.4 billion in tax credits after receiving $25 billion of > bailout money. And Goldman Sachs Group agreed not to claim $187 > million in tax breaks on the $550 million SEC fine over the Abacus > mortgage lawsuit. Since governments make a lot of tax money on oil, they should pay for some of the clean-up.
From: edspyhill01 on 29 Jul 2010 22:51 On Jul 29, 7:54 pm, "The Henchman" <y...(a)yup.org> wrote: > "edspyhill01" <edspyhil...(a)gmail.com> wrote in message > > news:ef5a28d9-a4b7-4b2c-98e7-24808cb761cc(a)i31g2000yqm.googlegroups.com... > > > > > > > > > Even though President Obama promised BP will cover 100% of the cost of > > repairing and cleaning up the Gulf Oil Disaster, the Wall Street > > Journal reports that BP will force taxpayers to pick up at least $9.9 > > billion of the bill. > > > How will this happen? BP is planning to use tax-code provisions that > > allow companies to get refunds on losses. Since the disaster will cost > > BP at least $32 billion, they want almost $10 billion dollars from > > taxpayers -- effectively cutting BP clean-up costs by a third. > > > This is unacceptable. > > > The good news is getting BP to drop their claim is a fight we can win. > > Just this year, public pressure got J.P. Morgan Chase to drop its plan > > to claim $1.4 billion in tax credits after receiving $25 billion of > > bailout money. And Goldman Sachs Group agreed not to claim $187 > > million in tax breaks on the $550 million SEC fine over the Abacus > > mortgage lawsuit. > > Since governments make a lot of tax money on oil, they should pay for some > of the clean-up.- Hide quoted text - > > - Show quoted text - Bending over again for corporations. That's a good boy.
From: edspyhill01 on 29 Jul 2010 22:57
On Jul 29, 5:44 pm, Clive <cl...(a)yewbank.demon.co.uk> wrote: > In message > <ef5a28d9-a4b7-4b2c-98e7-24808cb76...(a)i31g2000yqm.googlegroups.com>, > edspyhill01 <edspyhil...(a)gmail.com> writes>Even though President Obama promised BP will cover 100% of the cost of > >repairing and cleaning up the Gulf Oil Disaster, the Wall Street > >Journal reports that BP will force taxpayers to pick up at least $9.9 > >billion of the bill. > >How will this happen? BP is planning to use tax-code provisions that > >allow companies to get refunds on losses. Since the disaster will cost > >BP at least $32 billion, they want almost $10 billion dollars from > >taxpayers -- effectively cutting BP clean-up costs by a third. > >This is unacceptable. > >The good news is getting BP to drop their claim is a fight we can win. > >Just this year, public pressure got J.P. Morgan Chase to drop its plan > >to claim $1.4 billion in tax credits after receiving $25 billion of > >bailout money. And Goldman Sachs Group agreed not to claim $187 > >million in tax breaks on the $550 million SEC fine over the Abacus > >mortgage lawsuit. > > Don't be too hasty. If you were offered a tax break would you refuse > it? Further, just remember that a lot of pension funds have a large > investment in BP, so you could be trying to cut your own throat. > Oh and remember that whilst the original name was British Petroleum, > it's not been that for a few years now, but is just BP and the stock is > held world wide with as much in America as in Britain. > -- > Clive Ooops, a bit jingoistic there, protecting a British company. The same company that begged the CIA to depose the first and only democratically elected president of Iran. If it wasn't for the incredible greed and corruption of that British company, the Anglo- Persian Oil Company, it might be a different world. You may not be an American conservative but you are a british conservative. Same batch of defective genes. |