Popeye
Well-Known Member
By a vote of 74-25, both McCain and Obama voted for it.
http://thepage.time.com/2008/10/01/senate-debating-bailout-bill/
http://thepage.time.com/2008/10/01/senate-debating-bailout-bill/
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Senate passes bailout
- Thread starter Popeye
- Start date
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Pandora
Well-Known Member
crap
i hope the house votes it down again
i hope the house votes it down again
I do not think that they will.
Pandora
Well-Known Member
If they dont pass it, will we really go right into a depression?
They keep saying that, and each day its not passed they say it for the next day. At first I believed them but now I am thinking they are liars
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Mr. Carpenter
Well-Known Member
- Joined
- Sep 26, 2008
- Messages
- 421
They passed it all right, and as expected, it's a LOAD OF CRAP JAMMED WITH PORK AND TOTALLY UNRELATED GARBAGE!!
Renewable energy credit
Production credit for electrically produced from marine renewables
Energy credit
Energy credit for small wind property
Energy credit for geothermal heat pump systems
Credit for residential energy efficient property
New clean renewable energy bonds
Credit for steel industry fuel
Special rule to implement FERC and State electirc restructuring policy
Expansion and modification of advanced coal project investment credit
Expansion and modification of coal gasification investment credit
Temporary increase in coal excise tax; funding of Black Lung Disability Trust Fund
Special rules for refund of the coal excise tax to certain coal producers and exporters
Tax credit for carbon dioxide sequestration
Certain income and gains relating to industrial source carbon dioxide treated as qualifying income for publicaly traded partnerships
Carbon audit of the tax code
Inclusion of cellulosic biofuel in bonus depreciation for biomass ethanol plant property
Credits for diodiesel and renewable diesel
Clarification that credits for fuel are designed to provide an incentive for United States production
Extension and modification of alternative fuel credit
Credit for new qualified plug-in electric drive motor vehicles
Exclusion from heavy truck tax for idling reduction units and advanced insulation
Alternative fuel vehicle refueling property credit
Certain income and gains relating to alcohol fuels and mixtures, biodiesel fuels and mixtures, and alternative fuels and mixtures treated as qualifying income for publicly traded partnerships
Extension and modification of election to expense certain refineries
Extension and suspension of taxable income limit on percentage depletion for oil and natural gas produced from marginal properties
Transportation fringe benefit to bicycle commuters
Qualified energy conservation bonds
Credit for nonbusiness energy property
Energy efficient commercial buildings deduction
New energy efficient home credit
Modifications of energy efficient appliance credit for appliances produced after 2007
Accelerated recovery period for depreciation of smart meters and smart grid systems
Qualified breen building and sustainable design projects
Special depreciation allowance for certain reuse and recycling property
Limitation of deduction for income atributable to domestic production of oil, gas, or primary products thereof
Elimination of the different treatment of foreigh oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit
Broker reporting of customers basis in securities transactons
0.2 precent FUTA surtax
Increase and extension of Oil Spill Liability Trust Fund tax
Then there's the "Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008", which might help Dawkins out since it requires employers to cover De-de-de's and stoners on their insurance policies, and they can't be charged a premium.
There's a half a BILLION crammed in there for "rural schools", for THIS YEAR!
There's also the obligatory "disaster relief" legislation which includes tax breaks for those in declared disaster areas.
Simply put, out of 451 pages of legislation, only 100 of them apply directly to the present emergency, and the rest are "riders", and other non-related legislation that they bundled together in one Bill so that they could get done and go home to campaign.
Renewable energy credit
Production credit for electrically produced from marine renewables
Energy credit
Energy credit for small wind property
Energy credit for geothermal heat pump systems
Credit for residential energy efficient property
New clean renewable energy bonds
Credit for steel industry fuel
Special rule to implement FERC and State electirc restructuring policy
Expansion and modification of advanced coal project investment credit
Expansion and modification of coal gasification investment credit
Temporary increase in coal excise tax; funding of Black Lung Disability Trust Fund
Special rules for refund of the coal excise tax to certain coal producers and exporters
Tax credit for carbon dioxide sequestration
Certain income and gains relating to industrial source carbon dioxide treated as qualifying income for publicaly traded partnerships
Carbon audit of the tax code
Inclusion of cellulosic biofuel in bonus depreciation for biomass ethanol plant property
Credits for diodiesel and renewable diesel
Clarification that credits for fuel are designed to provide an incentive for United States production
Extension and modification of alternative fuel credit
Credit for new qualified plug-in electric drive motor vehicles
Exclusion from heavy truck tax for idling reduction units and advanced insulation
Alternative fuel vehicle refueling property credit
Certain income and gains relating to alcohol fuels and mixtures, biodiesel fuels and mixtures, and alternative fuels and mixtures treated as qualifying income for publicly traded partnerships
Extension and modification of election to expense certain refineries
Extension and suspension of taxable income limit on percentage depletion for oil and natural gas produced from marginal properties
Transportation fringe benefit to bicycle commuters
Qualified energy conservation bonds
Credit for nonbusiness energy property
Energy efficient commercial buildings deduction
New energy efficient home credit
Modifications of energy efficient appliance credit for appliances produced after 2007
Accelerated recovery period for depreciation of smart meters and smart grid systems
Qualified breen building and sustainable design projects
Special depreciation allowance for certain reuse and recycling property
Limitation of deduction for income atributable to domestic production of oil, gas, or primary products thereof
Elimination of the different treatment of foreigh oil and gas extraction income and foreign oil related income for purposes of the foreign tax credit
Broker reporting of customers basis in securities transactons
0.2 precent FUTA surtax
Increase and extension of Oil Spill Liability Trust Fund tax
Then there's the "Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008", which might help Dawkins out since it requires employers to cover De-de-de's and stoners on their insurance policies, and they can't be charged a premium.
There's a half a BILLION crammed in there for "rural schools", for THIS YEAR!
There's also the obligatory "disaster relief" legislation which includes tax breaks for those in declared disaster areas.
Simply put, out of 451 pages of legislation, only 100 of them apply directly to the present emergency, and the rest are "riders", and other non-related legislation that they bundled together in one Bill so that they could get done and go home to campaign.
