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Ignoramus23721 Ignoramus23721 is offline
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Default Bailout of wooden arrows

I feel very fortunate that the 700 billion bailout will save the
wooden arrows manufacturers 200,000 per year.

Call your congresscritter and urge them to support this historic
bailout, or else the economy will cease to exist as of the past
Monday, and we all will be left without money and wooden arrows.

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http://calculatedrisk.blogspot.com/2...rrows-for.html

The bailout bill has a number of unrelated provisions. This one caught
my eye earlier today: SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN
WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.

Bloomberg has the details: Bailout Bull's-Eye for Kids' Arrow-Makers'
Tax Break

Senators attached a provision repealing a 39-cent excise tax on
wooden arrows designed for children to an historic $700 billion bank
rescue that is likely to pass tonight. The provision, originally
proposed by Oregon senators Ron Wyden and Gordon Smith, will save
manufacturers such as Rose City Archery in Myrtle Point, Oregon, about
$200,000 a year.

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