I’m sure this was vital to the economic recovery plan:

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.

Interestingly, Wyden voted against the bill. I guess he figured they had enough votes to pass it without him and he could get some cover by voting no. I predict that by tomorrow we have a quote from him saying, “it’s not my fault, I voted against it!”.

Print Friendly, PDF & Email