BP tax credit $10 billion by writing off their "losses" incurred in the Gulf tragedy ....Petition

[defendandprotect]

Subject: BP owes us $10 billion in taxes.

Dear Friend,

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:

http://act.credoaction.com/campaign/bp_tax_break/?r_by=19886-186333-xot1RIx&rc=confemail


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Subject: End government handouts to oil companies

Dear Friend,

As Americans continue to struggle with outrageous, unstable gas prices, oil companies continue to benefit from them.

But more outrageous than jaw-dropping oil company profits, is the fact that our government actually rewards these companies with even more of our money for maintaining this disastrous system -- to the tune of $4 billion a year in tax credits and subsidies.

It's time for that to end.

Republicans who unanimously voted in March to keep these senseless handouts are starting to feel the pressure. We need to turn it up.

I just signed a petition demanding that congress end oil subsidies. Join me and sign the petition here:
http://act.credoaction.com/campaign/end_oil_subsidies/?r_by=20078-186333-ZPZS0zx&rc=confemail

[SalviaBlue]

1. done.

[iemitsu]

2. thanks for the link.

worthy of my signature.

[defendandprotect]

3. Let's end government handout to oil companies -- !!