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From: "Crapo News Release (Crapo)" <newsclips@crapo.senate.gov>
Date: Thu, 26 Feb 2009 17:54:51 -0500
Subject: CRAPO, LINCOLN INTRODUCE RAILROAD LEGISLATION
Thread-Topic: CRAPO, LINCOLN INTRODUCE RAILROAD LEGISLATION
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FOR IMMEDIATE RELEASE                                                      =
    CONTACT:    Susan Wheeler (202) 224-5150

February 26, 2009                                                          =
                                          Lindsay Nothern (208) 344-1108







CRAPO, LINCOLN INTRODUCE RAILROAD LEGISLATION

Bipartisan bill boosts short line freight transportation through tax incent=
ives



Washington, DC - Senators Blanche Lincoln (D-Arkansas) and Mike Crapo (R-Id=
aho) have introduced legislation to extend the tax credit to increase the n=
ecessary investment in rehabilitation and upgrades for short line railroads=
.  The announcement came as Crapo met with representatives of Watco Compani=
es and other short line railroad companies in his Washington, DC office to =
discuss the legislation on "Railroad Day" on Capitol Hill.  Watco operates =
rail services in eastern, southern and north-central Idaho.



Both Crapo and Lincoln are members of the Senate Finance Committee with jur=
isdiction over tax law. The legislation grants short line railroads a tax c=
redit of 50 cents for every dollar the railroad spends on track improvement=
s.



"Short line railroads are a lifeline for our small businesses by moving the=
 product from the farm and factory to the distribution centers, and on to t=
he stores and consumers.  The Short Line Rehabilitation Tax Credit increase=
s the necessary investment in track rehabilitation and upgrades to allow th=
is freight to move safely, faster, and in heavier rail cars."



"These rail improvements not only create jobs; they can save rail lines tha=
t might otherwise go abandoned by other rail companies.  The Lincoln-Crapo =
bill would extend the tax credit program for three years.



Watco Companies, based in Kansas, owns Watco Transportation Services which =
operates 19 short line railroads throughout the United States, including th=
e Eastern Idaho Railroad and has operations in the Magic Valley and Palouse=
 areas, including rail repair facilities in Rupert and Idaho Falls.  Crapo =
has strongly supported these tax credits which helped spur improvements alo=
ng the Eastern Idaho Regional Railroad lines near Burley when Crapo toured =
there in the summer of 2006.



"Every dollar invested in rail equals three dollars in economic output," sa=
id Rick Webb, Watco CEO.  "Tax credits are value-added when you consider th=
at everyone in the transportation cycle benefits. New jobs are created to p=
erform the work; shippers receive the best service for their dollar and the=
 public benefits from the efficiencies created by improved infrastructure."





To directly link to this news release, please use the following address:

http://crapo.senate.gov/media/newsreleases/release_full.cfm?id=3D308775











# # #

......................................................................

This is generated from an unattended mailbox. If you have constituent comme=
nts or information you would like forwarded to Senator Crapo, please do so =
at the Senator's website, http://crapo.senate.gov<http://crapo.senate.gov/>=
. Comments sent to this e-mail address will not be responded to.


--_000_EF22B21D8CEAA148B030C28A9708DB9E07274BD9SENATEEX05senat_
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<div>
<p class=3D"MsoNormal" style=3D"margin-left:4.0in;text-indent:-4.0in"><a na=
me=3D"OLE_LINK3"></a><a name=3D"OLE_LINK2"><font size=3D"3" face=3D"Arial">=
<span style=3D"font-size:12.0pt;font-family:Arial"> </span></font></a>=
</p>
<p class=3D"MsoNormal" style=3D"margin-left:4.0in;text-indent:-4.0in"><font=
 size=3D"3" face=3D"Arial"><span style=3D"font-size:12.0pt;font-family:Aria=
l">FOR IMMEDIATE RELEASE        &nb=
sp;            &nbsp=
;            &n=
bsp;           &nbsp=
;           CONTACT:&nbsp=
;   Susan Wheeler (202) 224-5150</span></font></p>
<p class=3D"MsoNormal" style=3D"margin-left:4.0in;text-indent:-4.0in"><font=
 size=3D"3" face=3D"Arial"><span style=3D"font-size:12.0pt;font-family:Aria=
l">February 26, 2009         &=
nbsp;           &nbs=
p;            &=
nbsp;           &nbs=
p;            &=
nbsp;           &nbs=
p;            &=
nbsp;            &nb=
sp; 
 Lindsay Nothern (208) 344-1108</span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial">         &n=
bsp;           &nbsp=
;          
</span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal" align=3D"center" style=3D"text-align:center"><b><fon=
t size=3D"5" face=3D"Arial"><span style=3D"font-size:18.0pt;font-family:Ari=
al;font-weight:bold">CRAPO, LINCOLN INTRODUCE RAILROAD LEGISLATION
</span></font></b></p>
<p class=3D"MsoNormal" align=3D"center" style=3D"text-align:center"><b><i><=
font size=3D"5" face=3D"Arial"><span style=3D"font-size:16.0pt;font-family:=
Arial;font-weight:bold;
font-style:italic">Bipartisan bill boosts short line freight transportation=
 through tax incentives</span></font></i></b></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
  font-family:Arial">Washington</span></font><font face=3D"Arial"><span sty=
le=3D"font-family:Arial">, DC</span></font><font face=3D"Arial"><span style=
=3D"font-family:Arial"> – Senators
 Blanche Lincoln (D-Arkansas) and Mike Crapo (R-Idaho) have introduced legi=
slation to extend the tax credit to increase the necessary investment in re=
habilitation and upgrades for short line railroads.  The announcement =
came as Crapo met with representatives
 of Watco Companies and other short line railroad companies in his Washingt=
on, DC office to discuss the legislation on “Railroad Day” on C=
apitol Hill.  Watco operates rail services in eastern, southern and no=
rth-central Idaho. 
</span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial">Both Crapo and Lincoln are members of the Senate Finance=
 Committee with jurisdiction over tax law. The legislation grants short lin=
e railroads a tax credit of
 50 cents for every dollar the railroad spends on track improvements. =
 </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial">“Short line railroads are a lifeline for our small=
 businesses by moving the product from the farm and factory to the distribu=
tion centers, and on to the stores
 and consumers.  The Short Line Rehabilitation Tax Credit increases th=
e necessary investment in track rehabilitation and upgrades to allow this f=
reight to move safely, faster, and in heavier rail cars.”  =
 
</span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial">“These rail improvements not only create jobs; the=
y can save rail lines that might otherwise go abandoned by other rail compa=
nies.  The Lincoln-Crapo bill would
 extend the tax credit program for three years. </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial">Watco Companies, based in Kansas, owns Watco Transportat=
ion Services which operates 19 short line railroads throughout the United S=
tates, including the Eastern
 Idaho Railroad and has operations in the Magic Valley and Palouse are=
as, including rail repair facilities in Rupert and Idaho Falls.  Crapo=
 has strongly supported these tax credits which helped spur improvements al=
ong the Eastern Idaho Regional Railroad lines
 near Burley when Crapo toured there in the summer of 2006.</span></font></=
p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial">“Every dollar invested in rail equals three dollar=
s in economic output,” said Rick Webb, Watco CEO.  “Tax cr=
edits are value-added when you consider that everyone
 in the transportation cycle benefits. New jobs are created to perform the =
work; shippers receive the best service for their dollar and the public ben=
efits from the efficiencies created by improved infrastructure.” &nbs=
p;</span></font></p>
<p class=3D"MsoNormal"><b><font size=3D"3" face=3D"Arial"><span style=3D"fo=
nt-size:12.0pt;
font-family:Arial;font-weight:bold"> </span></font></b></p>
<p class=3D"MsoNormal"><a name=3D"OLE_LINK1"><font size=3D"2" face=3D"Arial=
"><span style=3D"font-size:10.0pt;font-family:Arial"> </span></font></=
a></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial">To directly link to this news release, please use the fo=
llowing address:
</span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" color=3D"#3366ff" face=3D"Arial"><s=
pan style=3D"font-size:12.0pt;font-family:Arial;color:#3366FF"><a href=3D"h=
ttp://crapo.senate.gov/media/newsreleases/release_full.cfm?id=3D308775"><fo=
nt color=3D"#3366ff"><span style=3D"color:#3366FF">http://crapo.senate.gov/=
media/newsreleases/release_full.cfm?id=3D308775</span></font></a></span></f=
ont></p>
<p class=3D"MsoNormal"><font size=3D"2" face=3D"Arial"><span style=3D"font-=
size:10.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"2" face=3D"Arial"><span style=3D"font-=
size:10.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal"><font size=3D"3" face=3D"Arial"><span style=3D"font-=
size:12.0pt;
font-family:Arial"> </span></font></p>
<p class=3D"MsoNormal" align=3D"center" style=3D"text-align:center"><font s=
ize=3D"3" face=3D"Arial"><span style=3D"font-size:12.0pt;font-family:Arial"=
># # #</span></font></p>
<p class=3D"MsoNormal" align=3D"center" style=3D"text-align:center"><font s=
ize=3D"2" face=3D"Arial"><span style=3D"font-size:10.0pt;font-family:Arial"=
>......................................................................</sp=
an></font></p>
<p><font size=3D"2" color=3D"black" face=3D"Arial"><span style=3D"font-size=
:10.0pt;
font-family:Arial;color:black">This is generated from an unattended mailbox=
. If you have constituent comments or information you would like forwarded =
to Senator Crapo, please do so
 at the Senator's website, <a href=3D"http://crapo.senate.gov/" title=3D"ht=
tp://crapo.senate.gov/">
http://crapo.senate.gov</a>. Comments sent to this e-mail address will not =
be responded to.</span></font></p>
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