GREEN ALERT: Hidden Carbon Tax Provisions in Paulson’s Bailout 2.0
The Bear on Oct 03 2008 at 6:22 am | Filed under: Global Warming
Why is the mainstream media ignoring what might be the most earth-shattering provisions in Treasury Secretary Henry Paulson’s Bailout Package Version 2.0?
If you look at page 180 of the 451-page monster bailout bill that easily passed the Senate yesterday (PDF here), you will see that it includes at Section 116 language about the tax treatment of “industrial source carbon dioxide.” It also provides, at Section 117, for a “carbon audit of the tax code.”
What could a provision about the tax treatment of “industrial source carbon dioxide” and another provision about doing a “carbon audit” of the tax code possibly have to do with restoring confidence in Wall Street’s troubled credit markets?
The answer: NOTHING.
This appears to be an attempt by global warming fanatics to lay the foundation for an economy-killing carbon tax just like the “cap-and-tax” system that is now destroying European industry.
If you think the Mother of All Bailouts is bad, just wait till you see the carbon tax. Get ready to reduce your standard of living drastically.
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