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Senate Democrats Vote to Break Obama's Oil Spill Promise

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Unread 06.25.10, 02:21 AM
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Senate Democrats Vote to Break Obama's Oil Spill Promise

06.24.10 05:10 PM

Despite President Obama’s repeated promises that he will make BP “pay every dime” for the costs of clean-up and economic damages, 57 Democratic U.S. Senators voted for legislation that hides a sizable tax hike that will force taxpayers to pick up the costs of oil-spill response. The bill is the so-called extenders bill, opposed by Republicans for its tax hikes and because it increases the deficit, and the 57 votes means it remains stalled for now, because it needs 60 votes to overcome a Republican filibuster. The specific provision that breaks Obama’s oil spill promise is styled as “restoring Oil Spill Liability Trust Fund solvency,” and what it means is an $18.3 billion tax hike on gasoline, diesel fuel, and heating oil. This provision would break Obama’s promise and force taxpayers to pick up the tax for oil spill response.

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