Duh; left-wingers make a point of not knowing tax code, arithmetic or business or common sense.
BP is shelling out billions to fix the problem they caused which pushes them into running at a loss for a bit of time. You don’t pay taxes on a loss, just on profit.
I’m so tired of reporters and editors presenting misleading stories. The headline should have simply read the left-wing are idiots.
Typical left wing viewpoint. It's not “federal money”. All money does not belong to the gubmint. Washington is in a budget crunch because there is too much Washington.