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S. 552, The Exxon Valdez Oil Spill Tax Treatment Act (3 comments ↓)
S. 552 would provide for the tax treatment of income received in connection with the litigation concerning the Exxon Valdez oil spill.
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Valerie Gardner
After the Exxon Valdez spill, the small fishermen and native americans had theirr fishing business decimated.And, after 17yrs of waiting for the megacorporate giant refusing to pay up- it would help if the payment could go into an IRA
Plz note,23%of he fishermeen.native american have already died.
Is this justice?
Dan
The ever ongoing litigation has finally come to a point where the United States Supreme Court can end it. Hopefully they will decide not to hear the case as Exxon has already succeeded in extremely reducing the original judgement. I had the entire course of my life changed by the negligence of Exxon. I still remember and miss what could have been.
The relief from excessive taxation provided by S.552 and H. R. 1334 would be an affirmation of justice and very welcome.
Irene Bogue
As an Alaskan I saw first hand the decimation of Alaskans' subsistence lifestyle in 1989. Oil is still under the surface of the sand on beaches on Kodiak Island. Few clams are left. Fish are fewer and smaller. Fisherman are turning in their devalued persmits. There are very few crab or prawns left in local bays. Sea otters thrive on clams, Sea Lions and brown bears thrive on fish. These animals have migrated to villages and the City of Kodiak in search of food. Former feeding grounds on the less populated West side of Kodiak Island were hit worse with oil. Awarding punitive damages will be just compensation to the local citizens whose centuries old subsistence lifestyle was destroyed. I support the Stevens Murkowski bill that assists local Alaskans plan for future payments from Exxon.