How to solve the US’s economic problems: tax breaks for wooden arrows

Section 503 of the bail out bill voted on by the US Senate was this gem:

EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.

I know you want the details, so here they are:

‘‘(B) EXEMPTION FOR CERTAIN WOODEN
4 ARROW SHAFTS.—Subparagraph (A) shall not
5 apply to any shaft consisting of all natural
6 wood with no laminations or artificial means of
7 enhancing the spine of such shaft (whether sold
8 separately or incorporated as part of a finished
9 or unfinished product) of a type used in the
10 manufacture of any arrow which after its as11
sembly—
12 ‘‘(i) measures 5⁄16 of an inch or less in
13 diameter, and
14 ‘‘(ii) is not suitable for use with a bow
15 described in paragraph (1)(A).’’.

Read more by .
This entry was posted in News.
Bookmark the web address for this page or use the short url http://ldv.org.uk/4597 for Twitter and emails.

7 Comments

  • Yeah, good spot Mark. Good spot.

  • David Heigham 2nd Oct '08 - 12:38pm

    Of its extraordinary kind,and even if it had been attached to a less transcendental piece of legislation, this is a rare gem.

  • Apparently all the pork barrell nonsense and uncosted tax cuts put on the Senate has so pissed of some House Democrats it may be even less likley to pass than before.

  • Hywel Morgan 3rd Oct '08 - 12:55am

    We know Mark’s read that bit. Have the House members? Remember this is the body which passed the PATRIOT Act without noticing that several significant amendments had been removed by the Senate overnight. (This is one reason why I repeatedly bang on about MPs not doing their job in scrutinising legislation)

  • Any idea who was particularly into tax relief on arrow shafts and way. Is it a niche industry in a crucial swing town somewhere/

  • Peter Chivall 12th Jan '12 - 11:02am

    …and the Anglo-Saxon business world and populist politicians criticise the EU for bureaucracy!!!

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?




Recent Comments

  • User AvatarTim13 22nd Sep - 9:03am
    John Roffey Your proposal for a "only take one day" recount of Referendum votes does have one big flaw - it actually requires an Election...
  • User AvatarIan Hurdley 22nd Sep - 8:01am
    There is and must continue to be no provision for 1st and 2nd class MPs at Westminster. The question of who may vote on purely...
  • User AvatarBill Le Breton 22nd Sep - 7:42am
    Fast tracking English Votes for English Laws can be portrayed as protecting the privileges of the Westminster elite, but obviously holding a policy of a...
  • User Avatarjedibeeftrix 22nd Sep - 7:37am
    @ alec - "There really does not seem to be a demand for actual ‘state’ level entities within England." Thank the Lord, for a proper...
  • User AvatarEddie Sammon 22nd Sep - 2:51am
    Someone needs to explain to Clegg that devo on demand will increase resentment about democratic inequality and complication.
  • User Avataralec dauncey 21st Sep - 11:57pm
    Federalism demands either an English Parliament or Regional English federal entities. There really does not seem to be a demand for actual 'state' level entities...