Hi, Guys!

Here’s a followup to my previous letter.  I know you Congressional types are busy with the Jewish Holiday, so I’ll keep it brief.

I just now got around to reading the bail-out bill, and let me tell you… that sucker is huge!  Its been a long time since time since I’ve read anything over 400 pages.   I mean, in school I had to read Hamlet.  That was only 120 pages or so and like the bill it has drama and made sense after you translate all the big words.

Anyway, I was reading along and came across a section I didn’t understand, and was wondering if you could explain:

---

SEC. 503. EXEMPTION FROM EXCISE TAX FOR CERTAIN WOODEN ARROWS DESIGNED FOR USE BY CHILDREN.

(a) IN GENERAL.—Paragraph (2) of section 4161(b)
is amended by redesignating subparagraph (B) as subO:\AYO\AYO08C32.xml S.L.C.
paragraph (C) and by inserting after subparagraph (A)
the following new subparagraph:‘‘(B) EXEMPTION FOR CERTAIN WOODEN
ARROW SHAFTS.—Subparagraph (A) shall not
apply to any shaft consisting of all natural
wood with no laminations or artificial means of
enhancing the spine of such shaft (whether sold
separately or incorporated as part of a finished
or unfinished product) of a type used in the
manufacture of any arrow which after its assembly—

‘‘(i) measures 5/16 of an inch or less in
diameter, and

‘‘(ii) is not suitable for use with a bow
described in paragraph (1)(A).’’.

(b) EFFECTIVE DATE.—The amendments made by
this section shall apply to shafts first sold after the date
of enactment of this Act.

---

Maybe it was a mistake.  By that I mean somebody may have copied that “wooden arrow” bit from ANOTHER important bill, and accidentally pasted the section into the Financial Bailout Bill by accident.

That sort of thing happens to me all the time.  I know you guys are sharp and on top of it, but all of us make mistakes (or blunders as they say in Washington).  Just wanted to give you a heads up.   Thanks.

Get back to me when you can, and have a great weekend.

Good luck,

-GS