Wooden Arrows to Save the Bailout Plan

Good news if you make wooden arrows - designed for use by children - that do not measure more than 5/16th of an inch in diameter.

Thanks to the US Senate you will no longer have to pay excise duty on said projectiles, and you have your very own section in the 450-plus page $700 billion bailout Bill.

Scrapping the controversial children’s arrow tax - I’m not making this up - is one of dozens of tax breaks included in the latest version that were supposedly crucial to getting the final draft through Congress.

The 39 cent tax repeal was proposed by Oregon Senators Ron Wyden and Gordon Smith and it will save Rose City Archery, a business in their constituency, some $200,000 a year.

Other lucky winners of this week’s political debacle include stock car racetrack owners, Hollywood producers and those who received payouts in the Exxon Valdez oil spillage.

Passage of the Bill was held up all week while politicians deliberated the inclusion of measures to help ‘Main Street USA’.