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You are here: Experts > Arts/Humanities > Political Science > Legislation, Presidential & Congressional Politics > Recent Bailout Bill
Expert: Michael Troy - 10/4/2008
Question
I can't seem to get the answer...do u know the "pork" that is tacked onto the Bailout Bill just voted on. Particularly the part I had heard about the Pornography Industry in California? Thank you for any help you can give me or direct me to.
Answer
Hello,
It is difficult to list all the pork added to this horrible bill. Senators added hundreds of pages of spending, adding about $150 billion to the cost, in unrelated spending packages.
Among the spending are the following: a $2 million tax benefit for makers of wooden arrows for children; a $100 million tax break to benefit auto racetrack owners; $192 million in rebates on excise taxes for the Puerto Rican and Virgin Islands rum industry; $148 million in tax relief for U.S. wool fabric producers; and a $49 million tax benefit for fishermen and other plaintiffs who sued over the 1989 tanker Exxon Valdez spill.
I am not aware of anything specific to the pornography industry, but there was a provision that gave a tax incentive worth nearly $48 million a year for film and TV producers who produce their work in the United States. Presumably this could be used by those producing porographic movies as well as mainstream ones.
I hope this helps!
- Mike
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