Bailout Bill Includes Wooden Arrow Tax Break
A repeal of a tax on wooden arrows is but one of the many pork provisions getting tacked onto the bailout bill in order to win support from recalcitrant Congress Critters. So while the world watches and waits for us to rescue the financial system, our elected representatives are holding things up until they can grab their piece of the action. Awesome. This one is even better than the $0.10 Michigan recycling refund. I've been trying to crunch the numbers on my wooden arrow business for ages. Finally the margins will work. Full text of the passage, inside. What other fun special-interest pork projects can you find tacked onto this bill? Let us know in the comments.
NEWMAN: (peering at bottle label) What is this 'MI, ten cents'?
KRAMER: That's Michigan. In Michigan you get ten cents.
NEWMAN: Ten cents!?
KRAMER: Yeah.
NEWMAN: Wait a minute. You mean you get five cents here, and ten cents there. You could round up bottles here and run 'em out to Michigan for the difference.
KRAMER: No, it doesn't work.
NEWMAN: What d'you mean it doesn't work? You get enough bottles together...
KRAMER: Yeah, you overload your inventory and you blow your margins on gasoline. Trust me, it doesn't work.
S 3055 [NYT] (PDF)
Text version [Open Congress]
(Photo: Getty)
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Comments:
Isn't it this kind of ridiculous, self-interested politics that get us into these kinds of messes. I suppose this bill isn't important enough to stand by itself. What idiotic pol would change his or her vote based on the the repeal of an arrow shaft law? Does this not prove the politicians will vote for any piece of crap as long as there is something in it for them. sickening.
@scoosdad: Why not find the names of anyone who voted yes on this bill? Regardless of who introduced which clause, anyone voting yes deserves to be voted out of office next month.
You need to read beyond the headline, Consumerist. This "tax break", as you call it, is actually a fix for unintended consequences of a previous tax. That tax ended up adding a $0.39 tax on top of wooden arrows used by Cub Scouts that cost $0.30, which more than doubled the price. This tax exemption corrects that.
I know it's a lot of fun to point at silly laws as an example of Washington's stupidity, but in this case I think this tax exemption is a good thing. A case of them correcting a previous error. Isn't that what we want them to do?
Suttin: You may want to start getting your news from real sources instead of comedians.
@beboptheflop: he should be dragged out into the street and beaten with a stick or better yet, stoned. f%^&$#ing greedy b$%#@ard!
@pezhore: Weird? Hell no, they get to spend 700 billion!It's a friggin liberals dream come true! And think of the tax increases they get to give us now! They are loving it, believe me.
Senate Speaker:"The Speaker recognizes the Esteemed Senator from ButtPoke WestArmpit."
Senator: "Mr. Speaker I have a small rider I would like to tack on to the bailout bill as I think it would both ensure that the bill passes and it will do a lot of good in ButtPoke WestArmpit. This rider will redirect all the monthly bills for Visa, Mastercard and Amex for myself and my immediate family, extended family, relatives, close buddies, friends, hangers on, and anyone else who's vote I can buy with this legislation. The bills will be redirected to the Federal Government who will pay them in full and on time so as not to adversely affect our credit reports. Thank you"
Senate Speaker:"You are welcome Senator. NEXT!"
What's utter bullshit is that due to that ~115 billion, this will probably get passed - only adding on to the overall cost to the tax payer.
@Urgleglurk: I guess my tone was not clear... I am not support the pork... I believe legislation should be clear, honest and above board. That politicians are permitted to play Russian roulette with the economy by adding their special interests is wrong.
@beboptheflop: Umm, actually it was initially proposed by both Oregon senators, Ron Wyden [D] and Gordon Smith [R]. Did you leave the other one out on purpose?
I have a kinda weird comment. Now I do not support the Confederate States of America (The CSA) but the Confederate Constitution did have one very very nifty thing in it:
"A bill, or any resolution carrying the force of law, could only deal with a single subject, which had to be stated in the title."
Just think what would happen if we implemented that today.
http://en.wikipedia.org/wiki/Confederate_States_Constitution
Its in the Changes from U.S. constitution section.
You're not too far off from Rep. Dan Lungren ... "She [Lungren's 91 yr old mother] has no pension; she has what my dad left her,". He's voting for the bill to "save his 91-year-old mother's finances." [economix.blogs.nytimes.com]
THIS should mark the absolute need for ridding of earmarks. Wooden arrow shafts. That is the worst earmark I've ever heard of. Who does that help? So by the time this bill gets passed, if it does, only like 5 bucks will go to the market. The rest will be earmarks.
Can we add an earmark where people with natural red hair get $75 billion? I mean we are one of the smallest minorities and it really would benefit me to offer more employment opportunities.
How effing ridiculous. This just furthers the point that this bailout is unnecessary BS. We STILL do not know the impact if nothing is done, when STILL don't know the impact if it's approved and they get the money, and Congress doesn't want to "take it seriously" enough to pass it w/o crap like this "hidden" in it.
I supported the "bailout" in the begining but this is downright ridiculous. Turns out that the favorable tax benfits to "sweeten the pot" was nothing more then a ton of washington pork.
As others pointed out the wooden arrows is just part of it. $100 million for race track owners, $148 for wool research, $192 for Rum (which we're all going to need more of so maybe that wasn't so bad). If there was ever a bill that should of lived or died on its own merits it was this bill. If it had to be sweetened with pork none of those people deserve a job anymore.
Taxpayers are getting scammed. This bailout bill is such a fraud, it's unbelieveable (even for Washington). Whatever the merits of giving a break on taxation of wooden arrows, could that not be a part of a standalone bill? And all the other stuff in it, too... can that not be in standalone bills? Why is all of that other stuff needed to pass an emergency bill? Also... Congress took off for Rosh Hashanah. Emergencies can wait, I guess.
@pezhore:
What do you mean, "following a Republican president"? This bill is being drafted by the Democrats - you know, the party that's controlled both houses of Congress for the past two years.
@Suttin: One of the congressman pointed out the tax break for rum ensures we have the pirate vote. With material like that the daily show and colbert report are going to be great.



















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