Bailout’s Handouts

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Wondering why the Senate version of the bailout passed so easily? Why, sweeteners of course! Good government watchdog group Taxpayers for Common Sense has broken down the package of tax breaks that were tacked onto the bill (which has ballooned to over 450 pages), and it’s clear that at least some of them are being used to placate skittish Senators by handing goodies to their constituents. Examples include a $478 million tax break for movie and TV studios, a $33 million economic development tax credit for businesses in American Samoa, a more favorable depreciation timetable for motor sports race track owners, and an excise tax exemption for manufacturers of wooden arrows meant for children.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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