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

Capital Research Center:

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.

Ridiculous kangaroo proposal will destroy Australian ag - Local News - News - General - Mudgee Guardian

A call to replace the farming of beef and lamb with kangaroo will place the country’s entire agricultural industry under threat, Federal Member for Parkes Mark Coulton warned this week.

The proposal by the government’s chief climate change advisor Professor Ross Garnaut for farmers to switch the farming of cattle and sheep with kangaroo or be penalised under the proposed emissions trading scheme will have serious implications for the future of Australia’s agricultural industry, Mr. Coulton said.

“It is ludicrous to rush Australia’s agriculture industry towards inclusion in the ETS when it could decimate the country’s livestock industry and create a global meat shortage…this idea that our farmers should overhaul traditional practices to make a relatively insignificant reduction to global emissions is absolute nonsense.”

“Australia’s beef and lamb industry is a highly efficient and profitable operation that has reached near perfection after 200 years of farming in this country, and which is widely regarded as a world leader in this area.