So I was discussing the Financial “bail out” with Jeffrey and he made me aware of this i guess … comical/distressing little fact about this bill that passed the Senate last week…
I find it rather amazing that during this time of crisis when everyone’s nerves are on edge , when people are losing their retirements , when AIG employees are having a jolly ole time using our tax dollars to buy a “nice quaint little get away pat in the back session”,oh and did i mention the Market is tanking, that we have our elected officials thinking about toys . Gee!!! i’m glad i wont have to pay more for Maeve’s toy arrows!!!
TITLE V–ADDITIONAL TAX RELIEF AND OTHER TAX PROVISIONS
Subtitle A–General Provisions
Sec..501..$8,500 income threshold used to calculate refundable portion of child tax credit.
Sec..502..Provisions related to film and television productions.
Sec..503..Exemption from excise tax for certain wooden arrows designed for use by children.
Sec..504..Income averaging for amounts received in connection with the Exxon Valdez litigation.
Sec..505..Certain farming business machinery and equipment treated as 5-year property.
Sec..506..Modification of penalty on understatement of taxpayer’s liability by tax return preparer.
Subtitle B–Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008
Sec..511..Short title.
Sec..512..Mental health parity.
Here’s the link for the text of ammendments http://thomas.loc.gov/cgi-bin/query/F?r110:1:./temp/~r110tjWDr4:e314150:

















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