In a few years what started as a special account for oil and gas royalties could become a vehicle for the backdoor imposition of a carbon tax.

FORBES: Why Obama's 'Energy Security Trust' Is A Bad Idea

In short, this is a terrible idea and a backdoor to the imposition of a nationwide carbon tax that congress should not allow to pass.

FORBES: Why Obama's 'Energy Security Trust' Is A Bad Idea

Last year Congressman Peter DeFazio proposed a similar act, suggesting a tax imposition of 0.03 percent on financial transactions.

FORBES: Risk Of Going Hungary With A Financial Transaction Tax

Under the terms of the amnesty, which are a lot less generous than previous amnesty programs, eligible taxpayers must concede 100% of the claimed tax losses, must pay all applicable interest and must accept the imposition of a penalty unless they had previously disclosed their participation in the transaction.

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