* One year ago, on April 20, 2010, BP's oil began to pour into the Gulf of Mexico. It did not stop for 87 days.
Today, economic and environmental devastation remain. Thousands of Gulf Coast residents cope with massive health problems from oil and toxic dispersants.
BP, on the other hand, just scored a nearly $10 billion dollar credit on their 2010 federal tax return, by writing off their "losses" incurred from the tragedy.
That's the equivalent of the entire annual budget of the EPA, whose funding was just slashed in the continuing resolution. It is almost one third of all the cuts in the continuing resolution.
We shouldn't have to endure budget cuts because BP had to pay to clean up their oil spill.
I just signed a petition demanding that BP amend their tax return to take out the $10 billion tax break. Sign the petition and call on BP to pay their fair share:
**UPDATE**: Wednesday afternoon, it was discovered that BP's tax break will be even bigger than was first reported - an outrageous $13 billion! A BP spokesman wouldn't say if the company is paying any U.S. taxes at all this year. It could even be getting a refund. (MAJOR side-eye because I sure as heck WONT!!!) Please take action to hold BP accountable.
|Photo Courtesy of http://weblog.sinteur.com/index.php/2010/06/17/bp-oil-spill/|