Fiscal Cliff Deal Passed By Congress After Republicans Cave
Tuesday, January 1, 2013
Some of what's in this legislation?
MASSIVE CORPORATE WELFARE.
Really.
For NASCAR, Sec 312 extends the “seven year recovery period for motorsports entertainment complex property”, which is to say it allows anyone who builds a racetrack and associated facilities to get tax breaks on it.
Read more at http://www.nakedcapitalism.com/2013/01/eight-corporate-subsidies-in-the-fiscal-cliff-bill-from-goldman-sachs-to-disney-to-nascar.html#hpLF14OOQy3P3kIM.99
Read the Article at HuffingtonPost
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