Bailout repeals tax on toy wooden arrows, and other goodies.
Good Work brothers! A repeal of a tax on wooden arrows is but one of the many pork provisions getting tacked onto the bailout bill in order to win support from recalcitrant Congress Critters. So while the world watches and waits for us to rescue the financial system, our elected representatives are holding things up until they can grab their piece of the action. Just doing their "JOB" while the rest of us suffer. Wow, there is lots of other goodies in this bailout not talked about by the media. What do failing banks and foreclosed houses have to do with race tracks? A lot, apparently, if you're Charles Schumer. The New York Senator added an earmark to the nation's $700 billion "rescue plan" that will extend current tax laws for race tracks that allow them to be considered the same as amusement parks in the eyes of the IRS. As long as that's the case, track facilities can write off improvements to their concession stands, parking lots and the tracks the...