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House Proposal to Block Deductions for Cost of Oil Spill Cleanup
"Canuck57" wrote in message ... On 30/07/2010 5:02 PM, Harry  wrote: Engel Bill to Block Tax Deductions of Oil Spill Costs M On the House floor, Rep. Eliot Engel (D-N.Y.) just said he will introduce legislation that would prevent oil companies from claiming a tax deduction for oil spill expenses. Engel did not give details on the legislation, but I’ve put a call into his office to get a copy of the bill. It’s been widely reported that BP plans to claim a $10 billion tax deduction, and lawmakers have criticized the move, with Sen. Bill Nelson (D-Fla.) calling for an investigation into the issue. - - - Damn...earlier today I thought I was kidding when I posted the idea that BP would seek tax deductions on the cost of cleaning up its mess. Oh, you mean Obama/democrats want the taxes on the income/product not realized? LMAO. Are things really going this bad in the USA? OMG.... Barack Petroleum, #1 Bankruptcy Way, Marxist City USA. Zip 00000 (Also the credit score). -- We are all self-made, but only the rich will admit it. Fortunately for us you can't even get in! |
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