Hidden Carbon Tax inside the Bailout Bill. Stop Breathing
Why is the mainstream media —which keeps lecturing Americans that Treasury Secretary Henry Paulson’s Bailout Package Version 2.0 must be passed immediately— ignoring what might be the most earth-shattering provisions in Paulson’s package?
The media needs to start asking hard questions. Here is where they need to start. 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.”