800 Billion Dollars Later - You Got The Shaft - Unless You Manufacture Wooden Arrows
So you think the 800 Billion dollar "rescue" bill was good? So ya think it would have been financial armegeddon if the Senate didn't pass the bill? Well...I reckon' those lucky manufacturers of wooden arrows might agree.
This is but a mere smidgin' of the vital importance of this bill. So glad these guys got it all ironed out! MORONS! No wonder Nancy Pelosi turns out the lights and bans the cameras from time to time. If the average middle class American making $30-$50,000 dollars per year were to be in the room with these lawmakers when they are actually sitting around having serious discussion on how to word the legistature...THERE WOULD BE A CONGRESSIONAL MASSACRE!
We are the REAL MORONS HOWEVER...we actually VOTE FOR these idiots and put them in this place. Following: A Section of the 800 Billion Dollar Rescue Bill...read it and weep!
20 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 sub301
O:\AYO\AYO08C32.xml S.L.C. paragraph (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.
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