Article: Give me a break, a tax break — or else
How windmills help explain the politicking over the Wall Street bailout
Tax earmarks in Senate bailout
The following "tax earmarks" were added to the Senate bailout legislation:
New tax earmarks:
~ 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)
Tax earmark “extenders”:
~ 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)
Small update to the bail out events of the day.
See link above for more details.
----- Added -----
Article: BREAKING DOWN THE BAILOUT VOTE
By a vote of 74-25, the Senate has approved its version of the financial recovery package that was voted down by the U.S. House on Monday. Senators Biden, McCain, and Obama, as promised, returned to the Hill to vote "aye" on the measure.
Did everyone agree to not vote for a bill filled with earmarks? McCain? McCain? Are you there? I guess things have changed since the debate.