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Home arrow Leading The News arrow Baubles hang on the House-passed pension bill
Leading The News PDF Print E-mail
Baubles hang on the House-passed pension bill
Posted: 08/02/06 12:00 AM [ET]

Sock manufacturers, importers of ceiling fans and a scenic roadway in Montana’s Glacier National Park would all get a boost if the Senate approves the House-passed pension bill later this week.

Leaders and committee chairmen regularly attach unrelated items to major legislation to fulfill promises, move smaller pending bills and entice the support of reluctant lawmakers for the core legislation.

Pension-bill negotiators included several smaller items in the massive retirement-plan overhaul the House approved last week. The bill awaits consideration in the Senate this week.

If passed, the pension bill would also ease construction of a dam 10 miles outside of Juneau, Alaska, bolster U.S. trade officials in negotiations with their Caribbean and Central American counterparts and suspend duties on imported television parts.

According to interviews, clips and language in the bill, there is a wide variety of provisions:

• Rep. Robert Aderholt (R), who represents Fort Payne, Ala., the “Sock Capital of the World,” worked with the administration and congressional leaders to insert language that would ostensibly help U.S. trade negotiators in their talks with Caribbean and Central American officials about phasing out a tariff on U.S.-made socks and pocket linings. The language is in addition to administration promises last summer to protect those products from foreign imports

• The bill would extend “a suspension of duties on ceiling fans through 2009.” In 2004, Democratic presidential candidate John Kerry ripped then-Sen. Zell Miller (D-Ga.), a Kerry opponent, for fighting to include a suspension of that tariff in a corporate tax bill. At the time, the provision was considered a gift to Home Depot, which is based in Atlanta, and its CEO, Robert Nardelli, a major Republican donor.

• Negotiators made technical corrections to last year’s highway bill in the pension legislation to set aside $50 million more for reconstruction projects on the Going-To-The-Sun Road in Montana’s Glacier National Park. Sen. Max Baucus (Mont.), the ranking Democrat on the Senate Finance Committee, requested the money to repair damage to the scenic highway. Baucus is a key vote on the pension bill, as well as the bill cobbled together last week to increase the minimum wage, repeal the estate tax and extend a collection of popular tax cuts.

• Language in the bill would ease the construction of the Lake Dorothy Hydroelectric Project, about 10 miles outside Juneau, Alaska, by creating an exemption to rules for tax-exempt bonds used to fund the project.

• The Miscellaneous Trade and Technical Corrections Act of 2006, which was attached to the pension bill, includes hundreds of other duty protections. They include extensions for open-toed shoes and equipment to manufacture motorcycles and leather basketballs.

 
 
 
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