1 SEC. 116. CERTAIN INCOME AND GAINS RELATING TO IN 2 DUSTRIAL SOURCE CARBON DIOXIDE TREAT 3 ED AS QUALIFYING INCOME FOR PUBLICLY 4 TRADED PARTNERSHIPS. 5 (a) IN GENERAL.—Subparagraph (E) of section 6 7704(d)(1) (defining qualifying income) is amended by in 7serting ‘‘or industrial source carbon dioxide’’ after ‘‘tim 8 ber)’’. 9 (b) EFFECTIVE DATE.—The amendment made by 10 this section shall take effect on the date of the enactment 11 of this Act, in taxable years ending after such date. 12 SEC. 117. CARBON AUDIT OF THE TAX CODE. 13 (a) STUDY.—The Secretary of the Treasury shall 14 enter into an agreement with the National Academy of 15 Sciences to undertake a comprehensive review of the Inter 16 nal Revenue Code of 1986 to identify the types of and 17 specific tax provisions that have the largest effects on car 18 bon and other greenhouse gas emissions and to estimate 19 the magnitude of those effects. 20 (b) REPORT.—Not later than 2 years after the date 21 of enactment of this Act, the National Academy of 22 Sciences shall submit to Congress a report containing the 23 results of study authorized under this section. 24 © AUTHORIZATION OF APPROPRIATIONS.—There is 25 authorized to be appropriated to carry out this section 26 $1,500,000 for the period of fiscal years 2009 and 2010. (Excerpt) Read more at money.cnn.com …
I would like to know WTF carbon dioxide trading has to do with the credit crisis… what a bunch of bullsh!t.
This looks like a rider. Basically the senate must have been wanting this to happen for a while, and so they stick an appropriations for it on the bailout bill because the President is unlikely not to sign it because he wants to stop the study.
Ethically it is equivalent to blackmail and the whole world is watching.
PtrainerNY Wrote: ------------------------------------------------------- > 1 SEC. 116. CERTAIN INCOME AND GAINS RELATING TO > IN > 2 DUSTRIAL SOURCE CARBON DIOXIDE TREAT > 3 ED AS QUALIFYING INCOME FOR PUBLICLY > 4 TRADED PARTNERSHIPS. > 5 (a) IN GENERAL.—Subparagraph (E) of section > 6 7704(d)(1) (defining qualifying income) is > amended by in > 7serting ‘‘or industrial source carbon dioxide’’ > after ‘‘tim > 8 ber)’’. > 9 (b) EFFECTIVE DATE.—The amendment made by > 10 this section shall take effect on the date of > the enactment > 11 of this Act, in taxable years ending after such > date. > 12 SEC. 117. CARBON AUDIT OF THE TAX CODE. > 13 (a) STUDY.—The Secretary of the Treasury shall > 14 enter into an agreement with the National > Academy of > 15 Sciences to undertake a comprehensive review of > the Inter > 16 nal Revenue Code of 1986 to identify the types > of and > 17 specific tax provisions that have the largest > effects on car > 18 bon and other greenhouse gas emissions and to > estimate > 19 the magnitude of those effects. > 20 (b) REPORT.—Not later than 2 years after the > date > 21 of enactment of this Act, the National Academy > of > 22 Sciences shall submit to Congress a report > containing the > 23 results of study authorized under this > section. > 24 © AUTHORIZATION OF APPROPRIATIONS.—There is > 25 authorized to be appropriated to carry out this > section > 26 $1,500,000 for the period of fiscal years 2009 > and 2010. > > (Excerpt) Read more at money.cnn.com … its just a study
It’s just a 1.5M dollar study on a $700B bailout. Thats 1500000 to 700000000000
Kiwi Wrote: ------------------------------------------------------- > Ethically it is equivalent to blackmail The basis of politics…
I think there are a lot of riders…didn they lower the tax on rum from Puerto Rico to the mainland as well?
Hey, if there’s 6MM going towards wooden arrows… shrug.
How is this any different than bribery? And people say we are one of the least corrupt nation states in the world. Riiiiiiiiiight…