Anyone Think This is Good News?

Even though President Obama promised BP will cover 100% of the cost of repairing and cleaning up the Gulf Oil Disaster, the Wall Street Journal reports that BP will force taxpayers to pick up at least $9.9 billion of the bill.

How will this happen? BP is planning to use tax-code provisions that allow companies to get refunds on losses. Since the disaster will cost BP at least $32 billion, they want almost $10 billion dollars from taxpayers -- effectively cutting BP clean-up costs by a third.