The $700 billion financial bailout bill passed by the U.S. Senate on October 1, 2008, contains several so-called "sweeteners". The provisions are designed to make it attractive to lawmakers who might have opposed the original bailout bill rejected in the U.S. House of Representatives. Among them: a provision that repeals a 39-cent excise tax on wooden arrows designed for children.Bloomberg.com: Bailout Bull's-Eye for Kids' Arrow-Makers' Tax...
References
Fast Facts
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Fact:
Provision that gives a tax break to makers of wooden arrows for children included in bailout billBloomberg.com: Bailout Bull's-Eye for Kids' Arrow-Makers' Tax...
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Provision proposed by two Oregon senators
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Fact:
Measure could save save some manufacturers of the wooden arrows up to $200,000 annuallyBloomberg.com: Bailout Bull's-Eye for Kids' Arrow-Makers' Tax...
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Wooden arrow provision one of dozens of earmarks added to the bailout bill; others include research tax credits for companies like Microsoft and Harley-DavidsonThe Forney Post: Senate Bill Loaded with Pork (October 2, 2008)
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Fact:
Provisions added to the bailout bill are known as tax "extenders" because they will eventually expireBloomberg.com: Bailout Bull's-Eye for Kids' Arrow-Makers' Tax...
