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	<title>Comments on: House vote today on the bailout bill</title>
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	<link>http://citruscountynetwork.com/blog/politics/160/house-vote-today-on-the-bailout-bill/</link>
	<description>Current Events Local Information</description>
	<lastBuildDate>Fri, 20 Aug 2010 15:52:39 +0000</lastBuildDate>
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		<title>By: Network Admin</title>
		<link>http://citruscountynetwork.com/blog/politics/160/house-vote-today-on-the-bailout-bill/comment-page-1/#comment-44</link>
		<dc:creator>Network Admin</dc:creator>
		<pubDate>Fri, 03 Oct 2008 14:31:36 +0000</pubDate>
		<guid isPermaLink="false">http://citruscountynetwork.com/blog/?p=160#comment-44</guid>
		<description>Here are some more of the Pork items that have been added.

_Extending for one year a seven-year depreciation timetable that NASCAR and other motorsport racing facilities have had for some years, the same tax break that amusement parks enjoy. Without the extension, the tracks would have to depreciate the cost of their improvements over 15 years, raising their taxes by $100 million.

_Extending for five years a program that reduces import duties on some wool fabrics. The tariff relief benefits U.S. worsted wool fabric producers that use imported fibers and yarns. Cost: $148 million.

_Increasing the single-year deduction in production costs, from $15 million to $20 million, that film and TV productions may take if the costs are incurred in economically depressed areas. In an effort to keep film and TV productions in the U.S., it also allows more companies to use a domestic production deduction. Cost: $478 million. 
_Exempting wooden practice arrows used by children from an excise tax of 39 cents per arrow. Oregon&#039;s two senators have pushed for the action, saying the tax was meant for more expensive archery arrows and is untenable for makers of toy arrows that may cost only about 30 cents apiece. The bill would affect about nine manufacturers nationwide, including one in Oregon. Cost: $2 million.

_Allowing employers to exempt from taxation what they spend on some fringe benefits for workers who commute to work by bicycle, for example reimbursing the cost of parking the bikes. Cost: $2 million. 
_Extending tax credits that expired at the end of 2007 for certain domestic corporations involved in American Samoa economic development. Cost: $33 million.

Stop all the Pork Vote NO until they remove it.</description>
		<content:encoded><![CDATA[<p>Here are some more of the Pork items that have been added.</p>
<p>_Extending for one year a seven-year depreciation timetable that NASCAR and other motorsport racing facilities have had for some years, the same tax break that amusement parks enjoy. Without the extension, the tracks would have to depreciate the cost of their improvements over 15 years, raising their taxes by $100 million.</p>
<p>_Extending for five years a program that reduces import duties on some wool fabrics. The tariff relief benefits U.S. worsted wool fabric producers that use imported fibers and yarns. Cost: $148 million.</p>
<p>_Increasing the single-year deduction in production costs, from $15 million to $20 million, that film and TV productions may take if the costs are incurred in economically depressed areas. In an effort to keep film and TV productions in the U.S., it also allows more companies to use a domestic production deduction. Cost: $478 million.<br />
_Exempting wooden practice arrows used by children from an excise tax of 39 cents per arrow. Oregon&#8217;s two senators have pushed for the action, saying the tax was meant for more expensive archery arrows and is untenable for makers of toy arrows that may cost only about 30 cents apiece. The bill would affect about nine manufacturers nationwide, including one in Oregon. Cost: $2 million.</p>
<p>_Allowing employers to exempt from taxation what they spend on some fringe benefits for workers who commute to work by bicycle, for example reimbursing the cost of parking the bikes. Cost: $2 million.<br />
_Extending tax credits that expired at the end of 2007 for certain domestic corporations involved in American Samoa economic development. Cost: $33 million.</p>
<p>Stop all the Pork Vote NO until they remove it.</p>
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