Congratulations taxpayers! Your senators have ridden to the rescue and approved a piece of legislation that should ungum the credit crunch. You'll now be able to buy that car. In the process, your lawmakers also approved extended tax breaks for the film industry in Puerto Rico, and for the makers of "certain wooden arrows designed for use by children."
I kid you not.
I won't bore you with the details, but if you're interested, the Puerto Rican film industry provision is on page 298 of the massive 400-plus page bill, which the senators approved Wednesday evening to Save Americans.
"The exemption from excise tax for certain wooden arrows designed for use by children," provision occurs shortly after that.
That provision is then followed by another that allows people who received income from the settlement of the Exxon Valdez oil spill litigation to treat it as income from the fishing industry for tax purposes.