Why The People DO Not Trust Politicians...
While we the American people thought our Senators were
crafting and creating a bill to help save our extemely
desperate economy, these lawmakes could not resist
padding it with a billon dollars in earmarks!
These earmarks have nothing to do with restoring
confidence in our financial markets and economy.
A bill that started at 3 pages quickly grew to over 451 pages
Yes, a number of Senators added a number of earmarks
into this 451-page bill.
Hey, the bigger the bill, the more you can hide!
Check this out...
A $2 million tax benefit for makers of wooden arrows
A $100 million tax break to benefit auto racetrack
$192 million in rebates on excise taxes for the Puerto
Rican and Virgin Islands rum industry;
$148 million in tax relief for U.S. wool fabric producers;
$49 million tax benefit for fishermen and other plaintiffs
who sued over the 1989 tanker Exxon Valdez spill.
Does this bother you?
Here are those Earmarks in more detail:
Tax breaks in bailout bill
The financial rescue measure passed by the Senate on
Wednesday included a series of tax incentives
benefiting specific industries or states.
Wooden arrows: This tax break, backed by Oregon's two
senators, would benefit an Oregon manufacturer of
wooden arrows for children by $2 million over 10 years.
Racetracks: Earmark would allow auto racetrack owners
to depreciate their facilities over seven years, saving
the industry $100 million over two years.
Rum: Offers rum producers in Puerto Rico and the Virgin
Islands a rebate on excise taxes worth $192 million over
Wool: Reduces tariffs for U.S. makers of wool fabric that
use imported yarn, worth $148 million over five years. The
measure was pushed by Reps. Louise Slaughter, D-N.Y., and
Melissa Bean, D-Ill.
Exxon Valdez: Plaintiffs in the suit over the 1989 oil
spill could spread their tax payments on punitive damages
over three years, cutting their tax bill by $49 million.
The measure was backed by Rep. Don Young, R-Alaska.
American Samoa: Allows certain corporations to reduce their
tax liability on income earned in American Samoa, at a cost
of $33 million over two years.
Hollywood: Extends a tax break for film and TV companies that
keep their production in the United States, worth $478
million over 10 years. The provision was originally pushed by
Rep. Diane Watson, D-Los Angeles.
What do these earmarks have to do with this Bailout?
I am pissed and disgusted with all politicians involved.
Politicians wonder why the people don't trust them,
it's because crap like this.
Our economy is in "EMERGENCY MODE" and what do some of these
politicians do? Sneak in a few earmarks quietly!
Shame on both the Republicans and Democrats!
Shame on those that thought they could just sneak it in the bill.
Shame on all the politicians that agreed to be part of the
good ol boys network and not say or do anything to stop it!
Another Fine Example of Our Politicians Hard At Work For You!
Well I feel better not that I got that off my chest.
How do you feel?
Are you ticked off?
Please post your comments now!
Now Try TO Have a Good Weekend,