Congress is under the gun to repeal a $5 billion export subsidy that violates interantional trade law and replace it with tax breaks that will largely benefit the same domestic firms. Should Congress fail to act, Europe will be allowed to impose sanction sagainst U.S. exports. The legislation should be easy. Yet, as the Washington Post reports, it’s become a feeding frenzy for pork:
The 930-page epic is packed with $170 billion in tax cuts aimed at cruise-ship operators, foreign dog-race gamblers, NASCAR track owners, bow-and-arrow makers and Oldsmobile dealers, to name a few. There is even a $94 million break for a single hotel in Sioux City, Iowa.
Don’t these guys have any adult supervision?






Comments