Senate Bailout bill has a tax cut for kids

[CreekDog]

SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN. :wtf:

(a) IN GENERAL.—Paragraph (2) of section 4161(b) is amended by redesignating subparagraph (B) as sub301 paragraph (C) and by inserting after subparagraph (A) the following new subparagraph:

‘‘(B) EXEMPTION FOR CERTAIN WOODEN ARROW SHAFTS.—Subparagraph (A) shall not apply to any shaft consisting of all natural wood with no laminations or artificial means of enhancing the spine of such shaft (whether sold separately or incorporated as part of a finished or unfinished product) of a type used in the manufacture of any arrow which after its assembly—
‘‘(i) measures 5⁄16 of an inch or less in diameter, and
‘‘(ii) is not suitable for use with a bow described in paragraph (1)(A).’’.
(b) EFFECTIVE DATE.—The amendments made by this section shall apply to shafts first sold after the date of enactment of this Act.


more at http://calculatedrisk.blogspot.com/2008/10/senate-speeches-on-bailout-bill.html

[eowyn_of_rohan]

1. 451 freaking pages!!? When did Senate get this rag?

And they have to wade through absolute garbage like this wooden arrow BS. Will there ever be a mutiny in those chambers? I would Love to witness it.

[Oregone]

2. I wouldn't want to be a fly on the wall of the hotel room

Where that senator was getting a blowjob by the Happy Wooden Arrow Inc. CEO.

[Winterblues]

3. I can only hope that these things were put into this bill so it would be voted down.

When word gets out about all the stuff in this bill there will indeed be a riot in the streets..