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Senate passes bailout bill 74-25
Now back to the House!
Now back to the House!
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Re: Senate passes bailout bill
Here is who voted against the bill. If not listed, they voted yes.
Democrats (39 yea, 9 nay, 1 no vote): Cantwell of Washington, Dorgan of North Dakota, Feingold of Wisconsin, Johnson of South Dakota, Landrieu of Louisiana, Nelson of Florida, Stabenow of Michigan, Tester of Montana, Wyden of Oregon
Kennedy of Massachusetts did not vote due to sickness.
Republicans (34 yea, 15 nay): Allard of Colorado, Barrasso of Wyoming, Brownback of Kansas, Bunning of Kentucky, Cochran of Mississippi, Crapo of Idaho, DeMint of South Carolina, Dole of North Carolina, Enzi of Wyoming, Inhofe of Oklahoma, Roberts of Kansas, Sessions of Alabama, Shelby of Alabama, Vitter of Louisiana, Wicker of Mississippi
Independents (1 yea, 1 nay): Sanders of VermontComment
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Re: Senate passes bailout bill
I simply cannot understand why anybody would have opposed this bill, given it contained such vitally important provisions such as these...Originally posted by rj1 View Post
Gawd bless America...Bailout Bull's-Eye for Kids' Arrow-Makers' Tax Break
By Ryan J. Donmoyer
Oct. 1 (Bloomberg) -- Rose City Archery Inc., an Oregon company that makes arrows used by children, hit a bull's-eye with Senate legislation that would rescue Wall Street banks.
Senators attached a provision repealing a 39-cent excise tax on wooden arrows designed for children to an historic $700 billion financial-markets rescue that passed tonight by a vote of 74-25. The provision, originally proposed by Oregon senators Ron Wyden and Gordon Smith, will save manufacturers such as Rose City Archery in Myrtle Point, Oregon, about $200,000 a year.
It's one of dozens of tax breaks benefiting Hollywood producers, stock-car racetrack owners and Virgin Islands rum- makers included in the broader legislation in an effort to win support from House Republicans, whose defection contributed to a rejection of an earlier version of the legislation two days ago on a 228-205 vote.
``This is how Washington works,'' said Keith Ashdown, chief investigator at Taxpayers for Common Sense, a Washington research group. ``A big pot of pork is their recipe for final passage.''...
...Popular with lawmakers, the provisions include a research tax credit worth about $8.3 billion a year for companies such as Microsoft Corp. and Harley-Davidson Inc., and subsidies for the overseas financial services earnings of U.S.-based multinational corporations such as General Electric Co. and Citigroup Inc...
...Michael Steel, a spokesman for House Minority Leader John Boehner, said the inclusion of the tax breaks ``will increase the appeal of the package for our members.''
The Congressional Budget Office said today the tax provisions will add about $112 billion to budget deficits over the next five years because the legislation doesn't contain enough offsetting revenue increases to keep the budget balanced...
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Re: Senate passes bailout bill
What a load of crap. I heard the bill is up to 1000 pages, can anyone confirm this, is the text available anywhere?Comment
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Re: Senate passes bailout bill
dunno, I heard 420 pagesComment
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