| What is in the bailout plan? Rum, arrows, wool and | | | | million and hundreds of millions more for companies |
| racetracks... are these are few of your favorite | | | | that invest on Indian Reservations and in the District |
| things? Well, they certainly are favorites of a few | | | | of Columbia. (Section 309, 314, 315, and 322). |
| lawmakers on Capital Hill. | | | | * Small to medium budget film and television |
| Below is a list of bailout "pork"-- Some items you | | | | productions --$10 million. Does that mean we can |
| may find more objectionable than others | | | | expect a Blair Witch sequel? |
| * Manufacturers of children's wooden arrows --$6 | | | | * Domestic Production Activities in Puerto Rico |
| million by repealing a 39 cent excise tax (The | | | | (Section 312) |
| benefits of this are said to be immeasurable and I | | | | * A research tax credit of approximately $8.3 billion a |
| believe it.) | | | | year for companies such as Microsoft Corp. and |
| * Puerto Rican and Virgin Islands rum producers -- | | | | Harley-Davidson Inc., subsidies for the overseas |
| $192 million. (Section 308) | | | | financial services earnings of U.S.-based multinational |
| * Wool research? Yep, research on wool. You have | | | | corporations such as General Electric Co. and Citigroup |
| GOT to be kidding! It's warm, it's itchy ...there's your | | | | Inc. |
| research. (Section 325) | | | | List of other earmarks in the bailout bill: |
| * Tax breaks that would subsidize renovations of | | | | - Mine Rescue Teams (Sec. 310) |
| restaurant franchises and cut import duties on wool | | | | - Mine Safety Equipment (Sec. 311) |
| and wood. | | | | - Railroads (Sec. 316) |
| * Auto-racing tracks -- $128 million --Nascar track | | | | These earmarks may not seem very strategic on |
| builders will save $109 million this year. (Section 317) | | | | the surface but when you really think deeply, er... |
| * Corporations operating in American Samoa --$33 | | | | um... Oh Please! there is just no explaining this thing. |