Your Tax Dollars at Work
Bailout Bill Gives Tax Break To Race Tracks
You’ll be happy to know that the $700 Billion Wall Street bailout passed by Congress and signed by President Bush includes a tiny clause that gives a big fat tax break to racetrack operators that want to build new speedways.
Jay Busbee over at From The Marbles has the scoop on it, but it seems that someone in congress added an amendment to the bill that would allow anyone developing a motor racing speedway to write off their expenses a lot sooner than is typically allowed – can you say tax deductions.
Not that we need any new speedways — we’ve got some perfectly good ones sitting idle right now.
