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Global financial markets melt down, NASCAR, Caribbean rum hardest hit”

By Susan McQuaide

Real Estate Agent with Keller Williams

October 01, 2008 03:13 AM

Don't laugh at my headline! The senate apparently think they need some bailin' out, too!!

The Senate has added some goodies into the bailout bill they are currently debating and will vote on this evening. You can read the whole thing here. 700 billion just isn't enough....

You can find the phone number of your Senator here, if you would like to voice your opinion...

New Tax earmarks in Bailout bill
- 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" in the bailout bill.
- 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)

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Audrey June-Forshey

RE/MAX Realty Services - Darnestown, MD

GRI, Gaithersburg, MD

Politicians, all of them, are such egomaniacs. The public makes me laugh when they think that the candidates are for the people. They are for themselves and money - that is it. You just confirmed it.

Oct 01, 2008 03:23 AM

Jean Groesbeck

Compass - Anacortes, WA

Broker, CRS, e-PRO, ABR, ASP, CNE, IMS

This is how such ridiculous laws get passed. It is sad comment that when we are in crisis they are putting their personal agenda before the country!

Oct 01, 2008 03:43 AM

Bob Southard

Atlas Realty Service, LLC - Kennesaw, GA

e-Pro - Cobb,Cherokee,NorthFulton,Paulding,Bartow

Unbelievable! Credits on electric cars and alt fuels are probably good ideas but do they really need to be attached to this bill? The earmarks make me want to puke.

On the Neil Boortz show he made a prediction this morning. McCain votes for this bill ... and the election is over. This bill is still crap! I'm calling my senators

Oct 01, 2008 04:01 AM

Susan McQuaide

Keller Williams - Simpsonville, SC

Thanks for your comments - it is so amazing they just can't stick to what's necessary and leave the rest until another day. My personal favorite is the wooden arrows for children.... I know I can't live without that being funded. Seriously, you can't make this crap up...

Oct 01, 2008 04:04 AM

Bob - judging from the pols, McCain looks pretty much done anyway. I suppose their is still time left, but it's not looking good.

Oct 01, 2008 04:06 AM

Kevin McGourty

Realty ONE Group - Phoenix, AZ

I guess we are all going to need some rum if the financial market collapses.

Oct 01, 2008 07:27 AM

Amanda Evans

DFW Living - Fort Worth, TX

Real Estate Broker - Fort Worth Texas

I think we should drink rum regardless.

Oct 01, 2008 11:17 AM

Amanda - I'm with you!

Now about those wooden arrows:

Excise Tax Exemption for Wooden Practice Arrows Used by Children. Current law imposes an excise tax of 39 cents, adjusted for inflation, 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.

Do ya think someone has too much time on their hands??/

Oct 01, 2008 11:54 AM

Global financial markets melt down, NASCAR, Caribbean rum hardest hit”

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Susan McQuaide

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