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Friday, October 03, 2008

List of some "Pork Barrel" items on bailout bill

* A provision repealing a 39-cent excise tax on wooden arrows designed for children.

* A provision that will save Nascar track builders $109 million this year.

* Hundreds of millions of dollars of tax incentives for companies that invest on Indian reservations, in the District of Columbia, and American Samoa.

* 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.

* Other breaks would subsidize renovations of restaurant franchises and cut import duties on wool and wood.

Other tax earmark "extenders" in the bailout bill:

- Virgin Island and Puerto Rican Rum (Section 308)

- American Samoa (Sec. 309)

- Mine Rescue Teams (Sec. 310)

- Mine Safety Equipment (Sec. 311)

- Domestic Production Activities in Puerto Rico (Sec. 312)

- Indian Tribes (Sec. 314, 315)

- Railroads (Sec. 316)

- Auto Racing Tracks (317)

- District of Columbia (Sec. 322)

- Wool Research (Sec. 325)

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