President oil calls whatever to for stop spill is necessary

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presidentobamaonfridayurgedcongresstotakepromptactiononhisadministrationsproposedlegislativeresponsetothegulfcoastoilspill,sayingresidentsoftheregiondeservenothinglessthanforustostandupanddowhateverisnecessarytostopthisspill,preventfurtherdamage,andcompensateallthosewhovebeenharmedalready.Thelegislationwouldhelpwithclean-upefforts,itwouldprovideunemploymentassistanceandjobtrainingtofolkswhosejobsareaffectedbythiscrisis,anditwouldhelpwiththeregionseconomicrecovery,obamasaidinremarksatthewhitehouse.Thatswhythislegislationsimportant.Whileasupplementalspendingbillforfiscal2010approvedbythesenateappropriationscommitteeonthursdayincludes$68milliontorespondtothedisaster,obamahasrequested$118millioninemergencyspending.Lawmakersalsoaredebatinghowhightoincreasethecaponeconomicliabilitiesthatoilcompaniesfaceafteraspill,somethingthewhitehousealsorequested.Thelimitiscurrently$75million,andtheadministrationhasnotspecifiedhowbigaboostitwouldlike.Thewhitehousealsowantscongresstoincreaseaproductiontaxontheoilindustryto9centsabarrelthisyearandto10centsin2017,upfrom8centsnow.Butlawmakershavesignaledtheymaygofarbeyondthatrequest.Thetaxsupportstheoilspillliabilitytrustfund,buttaxwritersarealsoeyeingtherevenuefromahighertaxtohelpcoverthecostofapackageoftaxpolicyandeconomicaidextensions.Inhisremarks,obamachidedthecompaniesinvolvedinthedeepwaterhorizondrillingrig--whoseexplosiononapril20andsubsequentsinkinghavespewedoilintothegulf--forfingerpointingatcongressionalhearingsthisweek.Ihavetosay...Ididnotappreciatewhaticonsideredtobearidiculousspectacleduringthecongressionalhearingsintothismatter,obamasaid.Youhadexecutivesofbpandtransoceanandhalliburtonfallingovereachothertopointthefingerofblameatsomebodyelse.Theamericanpeoplecouldnothavebeenimpressedwiththatdisplay,andicertainlywasnt.Iunderstandthattherearelegalandfinancialissuesinvolved,andafullinvestigationwilltellusexactlywhathappened.Butitisprettyclearthatthesystemfailed,anditfailedbadly.Andforthat,theresenoughresponsibilitytogoaround.Andallpartiesshouldbewillingtoacceptit.

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