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Hollywood, TV and NASCAR in Bailout Bill

Hollywood Could Get Cut Of Bailout

LA Times
October 1, 2008

Hollywood would get a little unexpected boost from the proposed $700-billion bailout of the nation’s financial system.

The bill wending its way through Congress would provide tax breaks worth more than $470 million over the next decade for movie and TV producers that shoot in the U.S.

Read Full Article Here

 

Bailout Bill Includes Tax Break For NASCAR

Miami Herald
October 2, 2008

A tax break for NASCAR racetracks and other motor-sports facilities is among the “sweeteners” tucked inside a 450-page financial-services bailout bill to make the package more palatable to lawmakers.

Read Full Article Here

 

Rum, Wooden Arrows, and the Pork Barrel Bailout

George Washington’s Blog
October 2, 2008

The shock-doctrine peddlers are saying the world will end if the bailout isn’t passed. So you’d think that Congress would focus a little on fixing the financial crisis.

Instead, the Senate bailout bill includes issues of vital national importance such as :

Extension of economic development credit to American Samoa (p. 279)
Rum excise tax to Puerto Rico and the Virgin Islands (p. 279)
Motorsports racing track facility (p. 290)
Wool modifications (p. 295)
Children and wooden arrows (p. 300)

The list goes on and on . . .

It also includes plenty of unfunded mandates.

Indeed, it seems like pork barrel politics as usual in Washington.

Bailout bill is 451 pages long
http://news.yahoo.com/s/a..cnWOA64ch9GkocOsJ0lJv24cA

 


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