Tuesday, October 7, 2008

Wooden Arrows and The Bailout

Here are some of the links we covered in class today about the tax breaks written into the bill for the makers of wooden arrows.

- Bailout Bill Includes Wooden Arrow Tax Break
- The Wooden Arrow Bailout
- Bloomberg.com: U.S.
- Tax breaks big and small sweeten financial bailout

It's worth reviewing exactly which provisions were inserted to get the votes of which representatives. Makes you wonder whether they were strategic in their decision to oppose the bailout bill the first time with the idea that they would be able to command incentives the second time around.