Update: It passed the Senate 74 - 25.
So, right now as I type this, members of the U.S. Senate are going down to the well to vote on the 451 page long H.R. 1424 which has now been sufficiently porked up (they think) to get House Republicans to vote for it:
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. 308. Increase in limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands.
Sec. 503. Exemption from excise tax for certain wooden arrows designed for use by children.
Sec. 602. Transfer to abandoned mine reclamation fund.
Not to say there aren't some good provisions in this - like AMT relief, but I sure wish someone would go over there and knock some heads together.
Now that it has passed, some house members have some serious reading to do tonight and tomorrow. |
