Jerry Weller, the gift that keeps on giving | Bleader

Wednesday, April 15, 2009

Jerry Weller, the gift that keeps on giving

Posted By on 04.15.09 at 03:17 PM

Newsweek makes light of the oddities of tax law today in a piece called Deduction Redux: Six Tax Breaks You've Probably Never Heard Of. Number six was of local interest: 

6. Makers of Fishing-Tackle Boxes
Bless that 2004 jobs creation bill. We know that makers of fishing-tackle boxes (like the Plano Molding Co. of Illinois) certainly do. Before that bill was enacted, they had to pay a 10 percent excise tax on their boxes. Secure sport fishermen were instead stowing their flies in less-expensive plastic sewing boxes. But Rep. Jerry Weller, a Republican from Illinois, got the rate cut to 3 percent, saving the industry as much as $11 million over five years, one tackle box at a time.

The former congressman, you may recall, was the subject of two different Reader investigative cover stories in 2006: one on how his influential role in shaping U.S. policy on Latin America might run up against his marriage to the most powerful woman in Guatemala's controversial FRG party and one on property in Nicaragua he apparently failed to disclose to Congress as required by its rules on asset reporting. He did not run for reelection in 2008.

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