Bailout Bill is For The Children

As the U.S. Senate debates the 451 page financial bailout bill this evening, watch for extended discussion of Section 503.

SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.
(a) IN GENERAL.””Paragraph (2) of section 4161(b) is amended by redesignating subparagraph (B) as subparagraph (C) and by inserting after subparagraph (A) the following new subparagraph:
“˜”˜(B) EXEMPTION FOR CERTAIN WOODEN ARROW SHAFTS.””Subparagraph (A) shall not apply to any shaft consisting of all natural wood with no laminations or artificial means of enhancing the spine of such shaft (whether sold separately or incorporated as part of a finished or unfinished product) of a type used in the manufacture of any arrow which after its assembly””
“˜”˜(i) measures 5⁄16 of an inch or less in diameter, and
“˜”˜(ii) is not suitable for use with a bow described in paragraph (1)(A).”.
(b) EFFECTIVE DATE.””The amendments made by this section shall apply to shafts first sold after the date of enactment of this Act.

So now we know: This bill is FOR THE CHILDREN.


Steve Buckstein is founder and senior policy analyst at Cascade Policy Institute, Oregon’s free market research center.

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Posted by at 05:39 | Posted in Measure 37 | 5 Comments |Email This Post Email This Post |Print This Post Print This Post
  • Gullyborg

    Sounds to me more like the bill is to give us the shaft.

  • David from Eugene

    No, you are wrong, it is for the Farmers

    SEC. 505. CERTAIN FARMING BUSINESS MACHINERY AND
    EQUIPMENT TREATED AS 5-YEAR PROPERTY.

    Wait, it is for the Movie Industry

    SEC. 502. PROVISIONS RELATED TO FILM AND TELEVISION PRODUCTIONS.

    Or is it for the Republican VP Candidate?

    SEC. 504. INCOME AVERAGING FOR AMOUNTS RECEIVED IN CONNECTION WITH THE EXXON VALDEZ LITIGATION.

    It is always amazing what politicians will hang on bills to get the votes to pass the package. Anybody know whose vote is behind what section? My guess is that the Oregon Delegation is the target of SEC. 601. SECURE RURAL SCHOOLS AND COMMUNITY SELF DETERMINATION PROGRAM.

  • Crawdude

    Don’t forget, the timber payments are in it now too. Its for the Lumber Jacks!

  • devietro

    It should be mentioned that Smith and Wyden were the original sponsors of the archery amendment.

  • Phoebe

    It is for the arrowmakers!

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