Your Government In Action

Posted: October 2, 2008 in Headlines, Politics

It’s one thing to declare total economic wipeout if the bailout bill doesn’t get passed.
IT’S A WHOLE ‘NOTHER THING WHEN YOU DECORATE THE BILL LIKE A CHRISTMAS TREE!!

Government in action

From nypost.com

Many were small – tax breaks for film and TV production, toy wooden arrows, wool research, auto racing tracks, and Indian tribes; relief for litigants in the Exxon Valdez oil spill.

But at least one was huge – a $3.5 billion measure intended to force health-insurance companies to cover mental illness as they do physical sickness.

Mo’ Pork

Like Section 325 which provides essential tax breaks for the “wool research fund.” Seriously.

[…]

And Section 309, a tax credit for economic development, in America. Actually, American Samoa. Metro State Political Science professor Norm Provizer says putting in the goodies simply gets votes.

In Section 316: a tax break for railroad track maintenance.

And Section 317, a tax break for race tracks

Mo’ pork

The passage of the bill is a positive, though there were way too many unrelated amendments included in the legislation. For example, it provides tax credits for biodeisel and extends depreciation rules for restaurant improvements. There is a reason why this bill is 451 pages long.

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