WASHINGTON - Wind power developers, disaster victims, college students, teachers and millions of taxpayers and businesses stand to see substantial benefits from the tax relief package that lawmakers added to the huge financial rescue plan.
So will more narrowly focused groups, including motor sports racetrack owners, film producers and bicycle commuters.
Virtually all of the tax breaks already exist. But many of them expired Jan. 1 for use in the current tax year, and the others will expire three months from now unless Congress renews them.
_Exempting wooden practice arrows used by children from an excise tax of 39 cents per arrow. Oregon's two senators have pushed for the action, saying the tax was meant for more expensive archery arrows and is untenable for makers of toy arrows that may cost only about 30 cents apiece. The bill would affect about nine manufacturers nationwide, including one in Oregon. Cost: $2 million.
_Allowing employers to exempt from taxation what they spend on some fringe benefits for workers who commute to work by bicycle, for example reimbursing the cost of parking the bikes. Cost: $2 million.
http://news.yahoo.com/s/ap/20081003/ap_on_go_co/meltdown_tax_breaks;_ylt...
There's enough pork in this bailout package to start the worlds biggest barbecue.
Why can't they pass a "clean" bailout package without all the added BS?
"We're all riding on the Hindenburg, no sense fighting over the window seats"-Richard Jenni
Richard, I totally agree. I think you would be intested in reading this post from petermanseye. You will like it!
http://www.petermanseye.com/anthologies/what-was-learned/334-the-16th-am...
I cannot believe that Congress is supporting these huge tax cuts for the rich and for huge corporations.
That last statement sounded like one from of them thar SOCIALISTS or COMMIES or LIBS that you hate so much.
Or secretly lust after - I can never tell never tell, what with that sexually suggestive moniker of yours.
Remember - good conservatives like you are supposed to believe that the rich and huge corporations DESERVE tax cuts, since they reinvest in the economy and stimulate economic growth, which then trickles down to us middle class and poor types. Better read some more neo-con economics textbooks and get your thinking straight, mister. Next thing you know we'll be hearing LibsCanBlowMe start talking about how history of all hitherto existing society is the history of class struggle or how the proletariat in power will stand before the peasants as the class that has emancipated it.
http://historymike.blogspot.com/
...and laughing at everyone who elected these Democrats in Congress.
When you go to vote for your congress people, remember IS WAS YOUR DEMOCRATS who gave these tax cuts to the RICH and the CORPORATIONS THAT ARE SHIPPING JOBS OVERSEAS. And it is happening TODAY right under your noses.
BTW. I don't know why I bother to explain, but us "Neo-Cons" actually believe that Government is taking too much in taxes.
We/I believe that EVERYONE should get a tax cut. And unfortunately for you, that includes the rich and corporations.
Maybe you like giving your money to support Trent Lotts railroad to nowhere, but the rest of us are tired of paying for Congress' stupid pork.
(Seriously, the $700 Million Trent Lott (R) railroad to nowhere)
http://www.aim.org/guest-column/railroad-to-the-casinos-a-700-million-bo...
And notice he is a Republican and I am hammering him for his pork also.
and laughing at everyone who elected these Democrats in Congress
That's probably not anyone here since Kaptur voted against it.
People like Pink Slip
The Roll Call vote.
http://clerk.house.gov/evs/2008/roll681.xml
Pink is correct, Marcy voted no.
However the local Dem here in Michigan, Dingle, did vote for donating taxpayer money to the Fat Cat Banking Lobbyists.
I would look for him to be voted out soon.
And what a surprise, the Dow tumbled after this vote.
http://www.msnbc.msn.com/id/3683270/
Stocks tumble after House OKs bailout plan
Wall Street drops as investors worry about outlook for the economy
updated 19 minutes ago
NEW YORK - Wall Street closed a volatile week with another sell-off Friday while credit markets remained strained after enthusiasm over the government’s $700 billion financial rescue plan gave way to worries about obstacles still facing the economy.