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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.
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?
Pingback| 1.29.09 @ 3:47PM
Capital Research Center: links to this page.
Pingback| 3.30.09 @ 4:16PM
Billions More for Failed Bailouts | OpenMarket.org links to this page. Here’s an excerpt:
Pingback| 4.20.09 @ 12:46AM
Soros-Backed Blog Calls Tea Parties ‘Astroturf’ « NewsReal Blog links to this page. Here’s an excerpt: