Soros has outlined his plan in an opinion editorial in the Financial Times and circulated a concept paper among decision-makers.
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The billionaire financier George Soros, a major Democratic financial backer, is floating his own rescue plan among Democratic lawmakers who are uncertain what to do in the wake of a surprise defeat of a proposed $700 billion rescue package proposed by Treasury Secretary Henry Paulson.
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From Tax Payer For Common Sense
he following are some of the top tax sweeteners in the Senate passed Bailout Bill. Not all the provisions are per se outrageous, but collectively are intended to help Congressional leadership get final passage of the 2008 Emergency Economic Stabilization Act.
he following are some of the top tax sweeteners in the Senate passed Bailout Bill. Not all the provisions are per se outrageous, but collectively are intended to help Congressional leadership get final passage of the 2008 Emergency Economic Stabilization Act.
- Sec. 503. Exemption from excise tax for certain wooden arrows designed for use by children
Current law places an excise tax of 39 cents on the first sale by the manufacturer, producer, or importer of any shaft of a type used to produce certain types of arrows. This proposal would exempt from the excise tax any shaft consisting of all natural wood with no laminations or artificial means to enhance the spine of the shaft used in the manufacture of an arrow that measures 5/16 of an inch or less and is unsuited for use with a bow with a peak draw weight of 30 pounds or more. The proposal is effective for shafts first sold after the date of enactment. The estimated cost of the proposal is $2 million over ten years, according to the Joint Committee on Taxation.
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By Bill Gertz
The United States needs new weapon systems, including missile defenses and other advanced military capabilities, to deter and counter China's steady buildup of nuclear and conventional arms, according to a draft internal report by a State Department advisory board.
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(Compiler's note: I publish this beautiful article in memory of a great man -- Admiral James B. Stockdale. Much of what we saw on our TV the night of the debate mentioned herein was the result of wounds suffered during his days as a prisoner of war in service to our country. But neither he, nor others made mention of it. The fact that Adm. Stockdale was not a 'TV personality' was and is NOT a sin in my book, nor should it take away from this man. Semper Fidelis, rca)
By TAYLOR B. STOCKDALE
As Sarah Palin and Joe Biden prepare for Thursday's vice presidential debate, I am pulled back to the last time an unknown candidate appeared on the national stage in such a forum. It was 1992, when my father (John McCain's senior officer in Vietnam), Adm. James B. Stockdale, appeared on stage to debate Al Gore and Dan Quayle.
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