Currently being debated is a Bill that is said to be our savior from financial disaster. Each Presidential candidate claims he will lead this charge to rescue us. Each candidate says that he will be the one to end waste and work for 'Main Street' (that's you and me).So did you see what was added to the Bill of Salvation?
SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN. (a) In General.--Paragraph (2) of section 4161(b) is amended by redesignating subparagraph (B) as subparagraph (C) and by inserting after subparagraph (A) the following new subparagraph: ``(B) EXEMPTION FOR CERTAIN WOODEN ARROW SHAFTS.--Subparagraph (A) shall not apply to any shaft consisting of all natural wood with no laminations or artificial means of enhancing the spine of such shaft (whether sold separately or incorporated as part of a finished or unfinished product) of a type used in the manufacture of any arrow which after its assembly-- ``(i) measures \5/16\ of an inch or less in diameter, and ``(ii) is not suitable for use with a bow described in paragraph (1)A).Apparently a pretty big part of our economic problems has come from a 'Certain Excise Tax For Certain Wooden Arrows Designed For Children.' Who would have ever guessed that these wooden arrows for children would cause such problems? I knew they might 'put an eye out' but never guessed the huge impact that they might have on the banking industry. I guess I am thankful that we have such good and honest men and women fighting for us 'Main Streeters' in Washington DC, and thankful for their great wisdom and intelligence (sarcasm intended).
