Bailout Arrows

Whether or not you’re for the huge bailout that went into law yesterday, I suppose you should know this:

An Oregon arrow maker suffers slings of outrage

An Oregon company selling a 30-cent shaft for children’s arrows became a bull’s-eye for critics of congressional pork nationwide Friday, when lawmakers eliminated an arcane tax as part of their $700 billion bailout of Wall Street.

[…]

The critics gathered force, and the tiny company based in southern Oregon’s Myrtle Point found itself the surprising flash point for public venting against a bailout package with costs too vast for most citizens to grasp.

[…]

As of Friday, Dishion received more than 100 phone calls, 40 e-mails and hate mail from people across the country, not to mention phone calls from the BBC and mentions on the Bill O’Reilly talk show.

[…]

The flap reveals the misinformation circulating about what the 43-cent tax repeal is really about, according to Jay McAninch, president of the Archery Trade Association.

[…]

The tax became a problem for Rose City and a handful of other companies in 2004, when lawmakers, while trying to correct another problem with the arrow tax, changed a 12 percent tax on all arrows to a flat 43-cent tax on arrow shafts. The tax, which got tacked on to every arrow shaft, goes to fund educational programs put on by the U.S. Fish and Wildlife Service.

[…]

Rose City Archery’s wooden arrow shafts sell for 30 cents.

Wait a minute. How does that work?

A 43-cent tax on a 30-cent shaft? 😯

“The 43-cent tax took a huge toll on its youth archery business” the above article goes on to say.

No kidding.

Comment? Sure!

Above all, love God!
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