http://www.nytimes.com/2008/10/03/business/03sweetener.html?_r=1&oref=sloginWhat an Arrow Shaft Has to Do With a $700 Billion Rescue Plan
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Now, Rose City Archery is a venerable company, around since 1932 and by far the world’s biggest manufacturer of a special cedar arrow shaft, turning out a million or so a year, its president and chief executive, Jerry Dishion, said on Thursday. But why, one might ask, does it have anything to do with the bailout?
Because Myrtle Point is in the Fourth Congressional District of Oregon, represented by Peter A. DeFazio, a Democrat who voted on Monday against the rescue plan, that’s why. Mr. DeFazio and many of the others who voted “no” have been the targets of various “sweeteners” attached to the rescue bill passed by the Senate on Wednesday night.
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Rose City Archery is seeking an exemption from a federal excise tax of 43 cents for a natural-wood, unreinforced arrow shaft suitable for use with bows with peak draw weights under 30 pounds — “kiddie arrows,” as opposed to the sharp-pointed kind used by big-game hunters, Mr. Dishion said in a telephone interview.
Mr. Dishion said removing the excise tax on the blunt-nosed arrows would benefit school districts and the Boy Scouts and Girl Scouts organizations that buy his company’s arrows.
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Mr. Dishion of Rose City Archery displayed business sense as well as altruism in expressing the hope that tax-free arrow shafts would enable more youngsters to experience the joys of archery and perhaps help his company compete with foreign arrow makers.
If the measure passes, Mr. Dishion said, “We’ll break out the Champagne.”
But Mr. DeFazio will apparently not be part of the celebration. His spokeswoman, Molly Simmons, asked on Thursday if he still intended to vote against the bill, replied: “Absolutely.”
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