Cliff deal includes at least $67.9B for special interests
Changing of the Guard, Inaugration Day, Washington D.C. USA, Barack Obama, George W. Bush Collage by Beverly & Pack
License (according to Flickr): Attribution License
License (according to Flickr): Attribution License
Taxpayers aren't the only ones who won't be flying off the fiscal cliff — this year, at least. Add race cars, movies and asparagus to the list. As part of their last-second deal to slam the brakes on an economy racing toward the so-called fiscal cliff, lawmakers gave the green light this week to extending dozens of business and industry tax breaks, like a cost-recovery program that will save the owners of "motorsports entertainment complexes" (that is, racetracks) about $70 million over the next two years. Much of the compromise agreement that President Barack Obama's autopen signed into law Thursday was targeted at individuals and families, notably preserving most of the tax cuts that passed under President George W. Bush, which were set to expire Monday. Rep.
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fiscal cliff so-called fiscal cliff Debbie Wasserman Schultz President Barack Obama motorsports entertainment complexes industry tax breaks President George W. Democratic National Committee big gift-wrapped present cost-recovery program last-second deal compromise agreement race cars tax cuts green light middle class chairwoman lawmakers Taxpayers asparagus certainty racetracks brakes ones dozens economy Thursday Monday movies list Bush business owners Rep. FloridaPeople:
Rep. Debbie Wasserman Schultz
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President Barack Obama
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President George W. Bush
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As part of a last-second deal to slam the brakes on an economy racing toward the so-called fiscal cliff, Congress gave the green light this week to extending dozens of business and industry tax breaks.
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Cliff deal includes at least $67.9B for special interests
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