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  1. #1 The Mother of all Bailouts! 
    HR Corporate Scum patriot45's Avatar
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    Just look at his thing! Soooie!

    Pork

    Energy Related Targeted Tax Credits and Changes

    Sec. 101. Renewable energy credit.
    Sec. 102. Production credit for electricity produced from marine renewables.
    Sec. 103. Energy credit.
    Sec. 104. Energy credit for small wind property.
    Sec. 105. Energy credit for geothermal heat pump systems.
    Sec. 106. Credit for residential energy efficient property.
    Sec. 107. New clean renewable energy bonds.
    Sec. 108. Credit for steel industry fuel.
    Sec. 109. Special rule to implement FERC and State electric restructuring policy.
    Sec. 111. Expansion and modification of advanced coal project investment credit.
    Sec. 112. Expansion and modification of coal gasification investment credit.
    Sec. 113. Temporary increase in coal excise tax; funding of Black Lung Disability Trust Fund.
    Sec. 114. Special rules for refund of the coal excise tax to certain coal producers and exporters.
    Sec. 115. Tax credit for carbon dioxide sequestration.
    Sec. 116. Certain income and gains relating to industrial source carbon dioxide treated as qualifying income for publicly traded partnerships.
    Sec. 117. Carbon audit of the tax code.
    Sec. 201. Inclusion of cellulosic biofuel in bonus depreciation for biomass ethanol plant property.
    Sec. 202. Credits for biodiesel and renewable diesel.
    Sec. 203. Clarification that credits for fuel are designed to provide an incentive for United States production.
    Sec. 204. Extension and modification of alternative fuel credit.
    Sec. 205. Credit for new qualified plug-in electric drive motor vehicles.
    Sec. 206. Exclusion from heavy truck tax for idling reduction units and advanced insulation.
    Sec. 207. Alternative fuel vehicle refueling property credit.
    Sec. 208. Certain income and gains relating to alcohol fuels and mixtures, biodiesel fuels and mixtures, and alternative fuels and mixtures treated as qualifying income for publicly traded partnerships.
    Sec. 209. Extension and modification of election to expense certain refineries.
    Sec. 210. Extension of suspension of taxable income limit on percentage depletion for oil and natural gas produced from marginal properties.
    Sec. 211. Transportation fringe benefit to bicycle commuters.
    Sec. 301. Qualified energy conservation bonds.
    Sec. 302. Credit for nonbusiness energy property.
    Sec. 303. Energy efficient commercial buildings deduction.
    Sec. 304. New energy efficient home credit.
    Sec. 305. Modifications of energy efficient appliance credit for appliances produced after 2007.
    Other Tax Credits and Changes

    Sec. 101. Extension of alternative minimum tax relief for nonrefundable personal credits.
    Sec. 102. Extension of increased alternative minimum tax exemption amount.
    Sec. 103. Increase of AMT refundable credit amount for individuals with longterm unused credits for prior year minimum tax liability, etc.
    Sec. 201. Deduction for State and local sales taxes.
    Sec. 202. Deduction of qualified tuition and related expenses.
    Sec. 203. Deduction for certain expenses of elementary and secondary school teachers.
    Sec. 204. Additional standard deduction for real property taxes for nonitemizers.
    Sec. 205. Tax-free distributions from individual retirement plans for charitable purposes.
    Sec. 206. Treatment of certain dividends of regulated investment companies.
    Sec. 207. Stock in RIC for purposes of determining estates of nonresidents not citizens.
    Sec. 208. Qualified investment entities.
    Sec. 301. Extension and modification of research credit.
    Sec. 302. New markets tax credit.
    Sec. 303. Subpart F exception for active financing income.
    Sec. 304. Extension of look-thru rule for related controlled foreign corporations.
    Sec. 305. Extension of 15-year straight-line cost recovery for qualified leasehold improvements and qualified restaurant improvements; 15-year straight-line cost recovery for certain improvements to retail space.
    Sec. 306. Modification of tax treatment of certain payments to controlling exempt organizations.
    Sec. 307. Basis adjustment to stock of S corporations making charitable contributions of property.
    Sec. 308. Increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands.
    Sec. 309. Extension of economic development credit for American Samoa.
    Sec. 310. Extension of mine rescue team training credit.
    Sec. 311. Extension of election to expense advanced mine safety equipment.
    Sec. 312. Deduction allowable with respect to income attributable to domestic production activities in Puerto Rico.
    Sec. 313. Qualified zone academy bonds.
    Sec. 314. Indian employment credit.
    Sec. 315. Accelerated depreciation for business property on Indian reservations.
    Sec. 316. Railroad track maintenance.
    Sec. 317. Seven-year cost recovery period for motorsports racing track facility.
    Sec. 318. Expensing of environmental remediation costs.
    Sec. 319. Extension of work opportunity tax credit for Hurricane Katrina employees.
    Sec. 320. Extension of increased rehabilitation credit for structures in the Gulf Opportunity Zone.
    Sec. 321. Enhanced deduction for qualified computer contributions.
    Sec. 322. Tax incentives for investment in the District of Columbia.
    Sec. 323. Enhanced charitable deductions for contributions of food inventory.
    Sec. 324. Extension of enhanced charitable deduction for contributions of book inventory.
    Sec. 325. Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds.
    Sec. 401. Permanent authority for undercover operations.
    Sec. 402. Permanent authority for disclosure of information relating to terrorist activities.
    Sec. 501. $8,500 income threshold used to calculate refundable portion of child tax credit.
    Sec. 502. Provisions related to film and television productions.
    Sec. 503. Exemption from excise tax for certain wooden arrows designed for use by children.
    Sec. 504. Income averaging for amounts received in connection with the Exxon Valdez litigation.
    Sec. 505. Certain farming business machinery and equipment treated as 5-year property.
    Sec. 506. Modification of penalty on understatement of taxpayer’s liability by tax return preparer.
    Sec. 512. Mental health parity.
    Sec. 601. Secure rural schools and community self-determination program.
    Sec. 602. Transfer to abandoned mine reclamation fund.
    Sec. 702. Temporary tax relief for areas damaged by 2008 Midwestern severe storms, tornados, and flooding.
    Sec. 703. Reporting requirements relating to disaster relief contributions.
    Sec. 704. Temporary tax-exempt bond financing and low-income housing tax relief for areas damaged by Hurricane Ike.
    Sec. 706. Losses attributable to federally declared disasters.
    Sec. 707. Expensing of Qualified Disaster Expenses.
    Sec. 708. Net operating losses attributable to federally declared disasters.
    Sec. 709. Waiver of certain mortgage revenue bond requirements following federally declared disasters.
    Sec. 710. Special depreciation allowance for qualified disaster property.
    Sec. 711. Increased expensing for qualified disaster assistance property.
    Sec. 712. Coordination with Heartland disaster relief.
    Sec. 801. Nonqualified deferred compensation from certain tax indifferent parties.

    : “Grow your own dope. Plant a liberal.”
    ” Obummercare, 20 percent of the time it works everytime.
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  2. #2  
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    The more they work on it, the worse it gets. They simply have no idea what they are doing.
    "Today, [the American voter] chooses his rulers as he buys bootleg whiskey, never knowing precisely what he is getting, only certain that it is not what it pretends to be." - H.L. Mencken
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  3. #3  
    Senior Member Rebel Yell's Avatar
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    Quote Originally Posted by linda22003 View Post
    The more they work on it, the worse it gets. They simply have no idea what they are doing.
    That seems to be a recurring theme in Washington.:mad:
    I feel that once a black fella has referred to white foks as "honky paleface devil white-trash cracker redneck Caspers," he's abdicated the right to get upset about the "N" word. But that's just me. -- Jim Goad
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  4. #4  
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    Yes... it's not usually quite this obvious, on such a grand scale. :mad:
    "Today, [the American voter] chooses his rulers as he buys bootleg whiskey, never knowing precisely what he is getting, only certain that it is not what it pretends to be." - H.L. Mencken
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  5. #5  
    Senior Member Rebel Yell's Avatar
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    Quote Originally Posted by linda22003 View Post
    Yes... it's not usually quite this obvious, on such a grand scale. :mad:
    This one's no so easy to hide.;)
    I feel that once a black fella has referred to white foks as "honky paleface devil white-trash cracker redneck Caspers," he's abdicated the right to get upset about the "N" word. But that's just me. -- Jim Goad
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  6. #6  
    Senior Member enslaved1's Avatar
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    I was foolishly hoping that them not passing the first thing that came in front of them to prove they were wanting to act on this crisis meant they were actually putting thought and effort into an effective measure to help the situation. Silly me.
    Romans 6:18 You have been set free from sin and have become slaves to righteousness.

    Differences between Obama and God: God's plan to save us is actually written down for people to read. Rush Limbaugh.

    My blog: How Things Look From Here Politics, religion, random stuff, now on Wednesdays!
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  7. #7  
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    Another interesting item for today is that Wachovia is now making deals with Wells Fargo and Citigroup is none too happy about it.
    "Today, [the American voter] chooses his rulers as he buys bootleg whiskey, never knowing precisely what he is getting, only certain that it is not what it pretends to be." - H.L. Mencken
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  8. #8  
    Super Moderator BadCat's Avatar
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    It has "something for everyone" in it. I don't see how this thing passed the Senate.

    And there are more than a few "WTF"s in there...

    Sec. 117. Carbon audit of the tax code.
    Sec. 317. Seven-year cost recovery period for motorsports racing track facility.
    Sec. 401. Permanent authority for undercover operations.
    Sec. 402. Permanent authority for disclosure of information relating to terrorist activities.
    Sec. 512. Mental health parity. ???
    Sec. 801. Nonqualified deferred compensation from certain tax indifferent parties. ???
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  9. #9  
    Goldwater
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    Coburn voted for it...

    My image of him is shattered. :(

    Anyway, why does the media and public accept that the people who got us into this mess - everyone in charge, can be the ones to get us out?
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  10. #10  
    HR Corporate Scum patriot45's Avatar
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    Quote Originally Posted by Goldwater View Post
    Coburn voted for it...

    My image of him is shattered. :(

    Anyway, why does the media and public accept that the people who got us into this mess - everyone in charge, can be the ones to get us out?
    I don't think the public accepts it, just the media, talking heads and congress critters!

    Thy have to keep us sheep in a panic, so far nothing has happened except when a politiician gets in front of a mic. and cries gloom and doom.

    : “Grow your own dope. Plant a liberal.”
    ” Obummercare, 20 percent of the time it works everytime.
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