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Assuming the lowest level of federal income tax (10%) that means the federal government stands to profit by $2 billion over the course of the tragedy. That windfall could go as high as $7 billion, depending on who receives the money. In a year when so many Americans are out of work — and not paying taxes — it's critical to find other sources of revenue. Otherwise, Obama cannot say that he's actually paid for the keystones of his Presidency — federal bailouts, Obamacare, and cap-and-trade.
This is morally despicable. In a decent world, oil spill victims would receive the full share of their restitution payments, because they've just endured a life-altering disaster. But it also represents a horrible, conniving maneuver by our President, who has no problem using disaster victims to pay for his political objectives.
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