[Infowarrior] - Bailout bill includes tax break on an ARROW company?!?

[Richard Forno]

....and then we start seeing stuff like this embedded in the bill.  I  
would be surprised if the House rejects the bill unless it's clean and  
doesn't include all these little pet projects for niche  
constituencies.   But this is Congress being Congress.   :(  --rf


According to Politico:
(source: http://www.politico.com/news/stories/1008/14161.html)

"With each permutation, the bill has steadily grown in size.  
Treasury’s initial plan was about three pages long. The House version,  
which failed, stretched to 110. The Senate substitute now runs over  
450 pages. And tucked away in the tax provisions is a landmark health  
care provision demanding that insurance companies provide coverage for  
mental health treatment—such as hospitalization—on parity with  
physical illnesses."

Bailout Bull's-Eye for Kids' Arrow-Makers' Tax Break (Update1)
By Ryan J. Donmoyer
Oct. 1 (Bloomberg) -- Rose City Archery Inc., an Oregon company that  
makes arrows used by children, hit a bull's-eye with Senate  
legislation that would rescue Wall Street banks.

Senators attached a provision repealing a 39-cent excise tax on wooden  
arrows designed for children to an historic $700 billion bank rescue  
that is likely to pass tonight. The provision, originally proposed by  
Oregon senators Ron Wyden and Gordon Smith, will save manufacturers  
such as Rose City Archery in Myrtle Point, Oregon, about $200,000 a  
year.

It's one of dozens of tax breaks benefiting Hollywood producers, stock- 
car racetrack owners and Virgin Islands rum- makers included in the  
broader legislation in an effort to win support from House  
Republicans, whose defection contributed to a rejection of an earlier  
version of the legislation two days ago on a 228-205 vote.

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http://www.bloomberg.com/apps/news?pid=20601103&sid=aKd0vyGN8L2k&refer=us