On the recordJuly 29, 2010
Mr. President, if the Senator will further yield--and I will be very brief because the Senator's patience has been extraordinary, and she has been at this going hard, full throttle all day--I would ask the Senator, in light of the extremely descriptive word picture that she painted of the family at the breakfast table and the mom and the dad don't want the teenagers to see that folks on Wall Street are getting all of these bonuses while they cannot even go down and have a weekend vacation because the money is not there, all of this is just exacerbated in the Senator's gulf coast State, as is my gulf coast State, because of the loss of income, the loss of business as a result of the gulf oilspill. Now we find that BP indeed wants to lessen their Federal tax liability by $10 billion by writing off all of the expenses attendant to this gulf oilspill. When you lessen your tax revenue, that means that you are asking for the taxpayers to make up the difference. Is it any wonder the mom and dad at the breakfast table don't want their children to know what in reality is going on here?





