Support Rep. Charlie Melancon's Oil Spill Tax Relief Act of 2010

[bluestateguy]

http://www.melancon.house.gov/index.php?option=com_content&view=article&id=1576:rep-melancon-introduces-tax-relief-bill-for-oil-disaster-victims&catid=39&Itemid=19

Rep. Melancon Introduces Tax Relief Bill for Oil Disaster Victims PDF Print
Bill would Exempt Families’ BP Oil Disaster Payments from Federal Taxes
June 24, 2010

WASHINGTON, DC — Today, U.S. Congressman Charlie Melancon (LA-03) introduced legislation to protect from taxes the relief payments people affected by the oil disaster receive from BP. Neither the Internal Revenue Service nor the new head of the independent agency charged with distributing the $20 billion in relief compensation from BP have clarified whether the payments would be taxed by the federal government.

“With the oil spill hurting Louisiana’s three major economic sectors – seafood, offshore energy production, and tourism – thousands of people are struggling to pay their bills and get by day to day,” said Congressman Melancon. “Compensation from BP will help, but during this uncertain time Louisianians will need to stretch every dollar and should not have to worry about setting aside a portion of the payments for taxes. My bill will make it clear that the IRS will not take any of what BP pays them, giving oil disaster victims the reassurance they need to make it through this difficult time and start planning for their futures.”

Congressman Melancon’s Oil Spill Tax Relief Act of 2010 is modeled after legislation passed after the 9/11 terrorist attacks that exempted payments from the 9/11 Victims Compensation Fund from income taxes. Click here to read the bill.

After Hurricanes Gustav and Ike, Congressman Melancon fought to lower the tax burden on Louisianians rebuilding after the storms. Congressman Melancon introduced the Fair Disaster Tax Relief Act, which was later passed as part of a larger disaster relief package in the fall of 2008. The Melancon provision that became law increased the tax deduction homeowners could claim for property damage caused by the storms.

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[704wipes]

1. Charlie couldn't bring himself to vote for HCR, could he?

I really think the guy is just another Republican Lite.

[juajen]

2. Frankly, anybody is better than Vitter! NT