Now There Is A ‘Carbon Tax’ In The Bailout!

As if taking your money and giving it to Wall Street wasn’t enough! Now they want to reach deeper into your wallet and take even more money from you! All for a manufactured crisis called “Climate Change” that the legitimate sceintific world has shown to be a natural phenomenon.

Check this out from Matthew Vadum at Capital Research Center:

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.

And the amount of money you have to take care of your family.

This bailout is getting worse and worse.

You can access the complete article on-line here:

Hidden Carbon Tax Provisions In Paulson’s Bailout 2.0
Matthew Vadum
Capital Research Center
October 2, 2008

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One Response

  1. The financiers are snookering us again. We, the taxpayers, will never see that money once Congress caves in to special interests, (as usual). If we try to get it back by taxing these businesses, then they will take the good parts of their portfolios and flee to other countries. Suckers!

    If we use that money to enhance social security, then all of the retirees that lost their retirement funds in the stock market will at least be guaranteed a reasonably comfortable retirement. (The only ones who will still be unhappy are the ones trying to retire to their mansions.)

    Finally! Congress has found the money to make social security work.

    Let Congress know that if they get fooled by this bailout, then the only thing for voters to do is punish congress the way it was punished for the gulf war.

    Bryant Arms

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