There are several issues in Washington this week following the passing of the Bailout legislation. Here are some key issues to be aware of this week:
- Congress passed a massive Continuing Resolution to fund the government for the next year and inserted some ridiculous earmarks and special interest projects.
Some ridiculous items include funding for blimps and squirrel hibernation.
- The bailout bill contains favorable tax provisions for special interest groups.
Tax provisions for arrow shafts, directors and producers, and wool research
- David Kreutzer of The Heritage Foundation has written that energy is critical to the operation of our economy and the maintenance and improvement of our standard of living
Restricting access to our energy hurts the economy, and drives up prices of of other goods