The Shock Doctrine

Breakdown of Tax Cuts in Senate Bailout Bill

Jake Tapper, ABC, October 2, 2008

Read a breakdown here of many of the tax cuts offered in the Senate's bailout bill, including:

• 7-Year Recovery Period for Certain Motorsports Racetrack Property -- Cost: $100 million over 10 years
• The Wool Trust Fund -- Cost: $148 million over ten years.
• Rum Excise Taxes to Puerto Rico and the Virgin Islands -- Cost: $192 million over 10 years