Well, in that case I'm for it!

While I've been trying to figure out the need for the $700 billion bailout, I got a chance to take a look at the bill itself. Among the add-ons and sweeteners built into the 451-page bill is this crucial item:

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).’’.

By all means, why didn't someone tell me about this before? I'd have been all for it! And to think I questioned the bill...

Tags: Election 2008 Bailout Economy