GREEN ALERT: Hidden Carbon Tax Provision in Paulson’s Bailout 2.0

[ronpaulbillboards]

http://justgetthere.us/blog/archives/GREEN-ALERT-Hidden-Carbon-Tax-Provision-in-Paulsons-Bailout-2.0.html

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.

[freelance]

GREEN ALERT: Hidden Carbon Tax Provision in Paulson’s Bailout 2.0


By Matthew Vadum


NewsBusters | 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.

It really shouldn't be a surprise that these non-germane provisions are included in legislation that is supposed to save all of us from economic Armageddon.

After all, Henry Paulson is a confirmed environmentalist and global warming true-believer who abused his power at Goldman Sachs. While Paulson headed Goldman Sachs he simultaneously headed the Nature Conservancy and his wife was a former Conservancy board member. (See "In Goldman Sachs We Trust: How the Left's Favorite Bank Influences Public Policy," by Fred Lucas, Foundation Watch, October 2008.)

Henry Paulson presided over Goldman Sachs's donation of 680,000 acres of land it owned in Tierra del Fuego, Chile to the New York-based Wildlife Conservation Society.

One of the trustees of the Wildlife Conservation Society was H. Merritt Paulson, the son of Henry Paulson.

As green critic Paul Driessen observed, at no time did anyone "assess the vast area's potential value for timber, oil or metals, so that locals and [Goldman Sachs] shareholders would at least know the true cost of the giveaway."

And the media tells Americans to trust Henry Paulson to do the right thing when doling out taxpayer dollars to his former colleagues on Wall Street?

The media needs to start asking hard questions.

(Hat tip to Paul Chesser, of Center for Climate Strategies Watch, as posted at AmSpecBlog)

(Crossposted at Capital Research Center's blog here)

—Matthew Vadum is Editor of Organization Trends and Foundation Watch at the Capital Research Center.

Had ENOUGH?

[freelance]

Great catch, OP.

BUMP so that people tell their Congresscritters about this.

[ronpaulbillboards]

There's even more I'm about to post that I have vetted. It's just like Homeland Security and the Patriot Act. They are sneaking in provisions they have been wanting to past for years and it has nothing to do with the "economic bailout\rescue".

[ItsTime]

Can someone pass the KY?

[jblosser]

I'll make sure Joe Barton's office hears about it... their line's busy right now.

[ronpaulbillboards]

bump!

[angelatc]

This thing is the talk of the country, which is good. I haven't met anybody who is for it. Of course, I am not standing around Wall Street with folks hoping to make a decent bonus this quarter.

Another group I am in mentioned that there is a mental health dictate in there. The person who posted it said it is something that she has wanted passed for years, but she thinks it is absurd to attach it ti this bill and she is not supporting the bill just for that reason.

[ronpaulbillboards]

Friday Bump!

[HOLLYWOOD]

I heard it's 498 pages... did they double space or double cross the American Taxpayer?

(R-CA) Dan Lungren... another hack... saying his Moma has no MONEY so we need a BAILOUT for her and used car dealers!

GESUS how do these MORONS get elected?