Tuesday, July 27, 2010
Why not eliminate the middleman and have US taxpayers deposit $20 billion in BP’s escrow fund?
by Larry Geller
Remember the recent news that BP hasn’t yet made its $5 billion deposit into the escrow fund to reimburse those damaged by its oil spill?
Now this: BP to cut U.S. tax bill by $10 billion because of losses in gulf spill (Washington Post, 7/27/2010).
So heck, why wait for BP. Obama can write a check to the escrow fund out of our taxes, because it looks like they’re going to have Uncle Sam (that is, you and me) pick up the tab anyway.
Wow, this is incredible. Thanks for finding the disappeared news!
How about when BP shows a profit, they write a check to us tax payers directly?