Barack Obama plans to punish BP with tax hike as Gulf spill worsens - Times Online

And who exactly does he think is going to pay for this...BP?

Barack Obama plans to punish BP with tax hike as Gulf spill worsens - Times Online:

Oil companies face an immediate tax rise of 1 cent per barrel to help to pay for the clean-up in the Gulf of Mexico under proposed legislation rushed out by the White House yesterday.

The measure, unveiled as BP began a new attempt to contain the ruptured well that has leaked millions of gallons of crude oil into America’s southern coastal waters, would put an extra $500 million (�340 million) over ten years into the Oil Spill Liability Trust Fund, which covers damage caused by such disasters."