Thursday, October 2, 2008

Where Your Tax Dollars Are Going


In addition to the $700 billion dollars being used to take bad debt off the hands of the people who handed out the bad loans and the people who bought the bad packaged loans off of their hands, you are also being asked for an additional $100 billion in your hard earned tax money for the following "causes"...

Title III

Sec. 308 - Increase on limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands
Sec. 309 - Extension of economic development credit for American Samoa
Sec. 310 - Extension of mine rescue team training credit
Sec. 314 - Indian employment credit
Sec. 316 - Railroad track maintenance
Sec. 317 - Seven year cost recovery period for motorsports racing track facility
Sec. 319 - Extension of work opportunity tax credit for Hurricane Katrina employees
Sec. 322 - Tax incentives for investment in the District of Columbia
Sec. 325 - Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds
Title IV

Sec. 401 - Permanent authority for undercover operations
Sec. 402 - Permanent authority for disclosure of information relating to terrorist activities
Title V

Subtitle A - General Provisions

Sec. 502 - Provisions related to film and television productions
Sec. 503 - Exemption from excise tax for certain wooden arrows designed for use by children
Sec. 504 - Income averaging for amounts received in connection with the Exxon Valdez litigation
Subtitle B - Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Act of 2008

Sec. 512 - Mental Health parity

Title VI

Sec. 601 - Secure rural schools and community self-determination program
Sec. 602 - Transfer to abandoned mine reclamation fund

 

For or against the bailout please make no mistake this is not rising above politics, this is politics as usual.

Posted by email from scottoverpeck's posterous

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