Saturday, October 04, 2008

Top 10 Tax Sweeteners in the Bailout Bill

"Current law places an excise tax of 39 cents on the first sale by the manufacturer, producer, or importer of any shaft of a type used to produce certain types of arrows. This proposal would exempt from the excise tax any shaft consisting of all natural wood with no laminations or artificial means to enhance the spine of the shaft used in the manufacture of an arrow that measures 5/16 of an inch or less and is unsuited for use with a bow with a peak draw weight of 30 pounds or more. The proposal is effective for shafts first sold after the date of enactment. The estimated cost of the proposal is $2 million over ten years, according to the Joint Committee on Taxation."

And according to Taxpayers for Common Sense the primary beneficiary of this bit-o-pork is Rose City Archery

Let's give a hand to those that got a bigger piece of the pie than the rest of us.

But this is just the silliest example, not the most expensive. Click the title to see the list.

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