The Public Policy
Goldman Sachs Government
Henry Paulson’s liberal bank is taking over.
(Page 3 of 3)
So is it any surprise then that environmentalist Paulson did not object when Senate Finance Committee chairman Max Baucus (D-Montana) inserted carbon tax-related provisions in the final version of the bailout bill? Section 116 of the legislation provides preferential tax treatment for publicly-traded partnerships when they trade so-called carbon offsets, and Section 117 provides for a “carbon audit of the tax code.”
The measure, signed into law Oct. 3, appears to be an attempt by global warming activists to lay the foundation for an economy-killing carbon tax just like the “cap-and-tax” system that is now destroying European industry.
And Goldman will clean up no matter what happens to the U.S. economy.
About the Author
Matthew Vadum is an award-winning investigative journalist at a conservative watchdog group in Washington, D.C. Vadum is also author of Subversion Inc: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers.
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Kevin | 10.19.08 @ 1:16AM
Massive conflict-of-interest for Paulson of Golaman-Sachs to have pushed through this bailout that benefits Goldman-Sachs. If McCain had opposed it, he would be 10 points up in the polls today. Since the bailout failed and the stock market tanked, can we issue a stop- payment on the $.7 Trillion check?
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