In the wake of the massive oil spill that took place about a month ago in the Gulf of Mexico, the United States legislators have finally taken action in the form of tax increases.
Congress is planning to quadruple a particular tax on oil, a move that would increase the tax to .32 cents, in an effort to raise an estimated $11 Billion over the next decade that would be used as money strictly to finance the clean up of potential oil spills.
As far as the recent oil spill is concerned however, President Barrack Obama is expecting BP (the oil company in charge of the oil and tanker that caused the spill) to front the bill to pick up their mess. Senate majority leader Henry Reid even went as far as openly saying "Taxpayers will not front the bill."
Congress is hoping to have a vote in the Senate this Wednesday and either make serious ground on the bill or pass the bill before they break into a legislative recess next weekend for Memorial Day.
Government is finally seeming to take action against oil spills and at least develop a plan on how to deal with these devastating events in the future. For now, the answer to who will clean up the merely 6 million gallons of crude oil dumped into the Gulf of Mexico is up in the air. But we can only hope that the government will continue to take action in the future as these events continue to occur and ravage the environment as well as economies of nations so dependent on the liquid gold.
Monday, May 24, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment