Henry Paulson

One provision in the bill provides preferential tax treatment to publicly-traded institutions that engage in the trading of carbon offsets.  So no matter if your company is green or not, you can receive tax incentives from participating in the carbon trading market if your organization is publicly traded.  But how did it stay in the bill?

Henry Paulson didn’t ask for the carbon credit incentive in the bill, but after reviewing his stance on global warming during his tenure at Goldman Sachs, it’s obvious that he wouldn’t have opposed the addition.  Paulson believed that participation in the carbon market would spur the development of technologies that would lead to a less carbon-based economy.  The Washington Post reported in 2006 that Goldman Sachs believed in the scientific consensus of global warming.  Shocker. 

Does this lay the foundation for a carbon tax here in the United States?  While the bill doesn’t specifically reference a new tax on carbon emissions for general application, it does nothing to stop the global warming agenda from advancing.  With American companies set to receive government-backed tax incentives for merely trading carbon offsets, one can only imagine that this is the first step in institutionalizing a full-blown carbon tax on the citizens of the United States. 

And with little mainstream media coverage of this little-known provision of the bailout package, it appears that unless you read the entire bill or explicitly search out news bits on the subject, the global warming alarmists will have their way with America and we won’t know until it’s too late.

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