Pork in Passed Bailout Bill (Merry Christmas, premium, Brown, Indiana)

[goldengrain]

How important is the bill when they add all sorts of unrelated pork to it?

- Film and Television Productions (Sec. 502)
- Wooden Arrows designed for use by children (Sec. 503)
- 6 page package of earmarks for litigants in the 1989 Exxon Valdez incident, Alaska (Sec. 504)
- Virgin Island and Puerto Rican Rum (Section 308)
- American Samoa (Sec. 309)
- Mine Rescue Teams (Sec. 310)
- Mine Safety Equipment (Sec. 311)
- Domestic Production Activities in Puerto Rico (Sec. 312)
- Indian Tribes (Sec. 314, 315)
- Railroads (Sec. 316)
- Auto Racing Tracks (317)
- District of Columbia (Sec. 322)
- Wool Research (Sec. 325

Senate Passes Pork-Filled Bailout Bill Overwhelmingly | The Libertarian Party of Indiana (http://www.lpin.org/node/461 - broken link)

[Pedro2008]

The Wall Street Journal dumbed it down for folks like me:

But it also extends the following tax provisions:

• Economic development credit to American Samoan businesses
• $10,000 tax credit for training of mine rescue team members
• 50% immediate expensing for extra underground mine safety equipment
• Tax credit for businesses with employees from an Indian reservation
• Accelerated depreciation for property used mostly on an Indian reservation
• 50% tax credit for some expenditures on maintaining railroad tracks
• 7-year recovery period for motorsports racetrack property
• Expensing of cleaning up "brownfield" contaminated sites
• Enhanced deductions for businesses donating computers and books to schools, and for food donations
• Deduction for income from domestic production in Puerto Rico
• Tax credit for employees in Hurricane Katrina disaster area
• Tax incentives for investments in poor neighborhoods in D.C.
• Increased rehabilitation credit for buildings in Gulf area
• Reduction of import duties on some imported wool fabrics, transfers other duties to Wool Trust Fund to promote competitiveness of American wool
• Special expensing rules for film and TV productions

And there's more:

• Increasing cover of rum excise tax revenues to Puerto Rico and the Virgin Islands
• Making it easier for film and TV companies to use deduction for domestic production
• Exempting children's wooden arrows from excise tax
• Income averaging for Exxon Valdez litigants for tax purposes

Senate Vote Gives Bailout Plan New Life - WSJ.com

[coastalrap]

With this feeding frenzy, the health insurance companies will be required to include mental health coverage equal to coverage for physical illnesses. I wonder if that will change our premiums????? I hope this help the money flow so we can all keep our jobs.

[CatManDoo]

Well it's about damn time someone did something about the excise tax on childrens' wooden arrows! My kid is sick and tired of walking around with a wooden bow trying to shoot pieces of string. THANK YOU legislators! It's gonna be a Merry Christmas at the CatManDoo Ranch!!!!

[GOPATTA2D]

People - read before you type. They ADDED the bailout Bill provisions as an AMENDMENT to an existing bill. The pork was there first. They did not vote on the same piece of legislation that the House did the other day.

Appropriations Bills must originate in the House. Duh! They snuck this one in the back door.

[coastalrap]

To me, when you're making sausage it really doesn't make a difference what order you stuff the ingredients in, it all tastes the same when it's shoved down our throats.

And as in most cases, I don't really care for much of the sausage that comes from inside the DC beltway.