Your Tax Dollars at Work
October 6th, 2008 | by RacingWin |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.
2 Responses to “Your Tax Dollars at Work”
By Wayne Powers on Oct 9, 2008 | Reply
THE RICH GET RICHER, THE POOR GETS POORER AND FOR WHAT,TAX DEDUCTIONS FOR NEW RACE TRACKS? I BET BRUTON SMITH LOVES THAT.WHAT ABOUT THE MILLIONS IN AMERICA THAT NEED A TAX DEDUCTION? NO WAY FOR US PEEONS TO GET ANY HELP BUT THEY WILL SURE HELP THE RICH.WHAT A COUNTRY!!I THINK THEY SHOULD LET US PEEONS RUN THE COUNTRY FOR A WHILE, THEN IT WOULD BE STRIGHTENED OUT.
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By Patricia on Oct 10, 2008 | Reply
Are they going to let the homeless who have lost their homes and jobs live there?
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