Wednesday, October 01, 2008

Bailout Bill - Now with Exxon Valdez Settlement Tax Breaks!

This is just hard to believe. The new bailout bill includes "tax relief" the Republicans required.
The CalculatedRisk blog
has a link to the full text of the Bailout Bill and points out a tax exemption for...
Children's Wooden Arrows (!)

That's the funniest. But other things aren't quite as funny.
How about a break on the Exxon Valdez settlement?
Tax breaks for Film & Television productions
Lower penalties if you understate your income

Ugly.
I can't believe the Exxon Valdez thing. That took some Chutzpah.

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