Its not about you. Its not about Main Street. Its not even about Wall Street.
No, its about Shanghai, London, Berlin and Sydney.
This bill was solely intended in paying off foreign debts, especially to CHINA. Im just really interested to see how the market will shape up in the coming weeks, my bet, it keeps going down. I honestly cant believe that bill could pass, its unconstitutional because the bill is supposed to originate in the house, then go to the congress, not the other way around. Heres just a small list of the absolute crap found in the legislation.
- Increase on limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands
- Extension of economic development credit for American Samoa
- Indian employment credit
- Seven year cost recovery period for motorsports racing track facility???????
- Tax incentives for investment in the District of Columbia
- Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds
- ovisions related to film and television productions
- Exemption from excise tax for certain wooden arrows designed for use by children
- Income averaging for amounts received in connection with the Exxon Valdez litigation
Sad times, whats even worse is that another one of these 'bailouts' will be needed within 10 years.
I honestly consider this one of the biggest thefts in history, this is the death of liberalism.
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