Now take a look at the "Tax" cuts and who gets the money. Really, does NASCAR need more money. Guessing they were wanting to get some southern Senator. Don't get me wrong there are some good things in the bill.
Jock
* New Payroll Tax Cut for 2011: $111 Billion
* Business, Investment and Other Tax Extensions: $77.2 Billion
Includes:
– Depreciation and other business incentives, through 2012: $22 Billion
– Research and experimentation tax credit, through 2011: $13.3 Billion
– State and local sales tax deduction, through 2011: $5.5 Billion
– Ethanol tax credit extension, through 2011: $4.8 Billion
– Restaurant and retail tax credit for capital improvement, through 2011: $3.6 Billion
– Biodiesel and renewable diesel tax credit, through 2011: $2 Billion
– Tuition tax deduction, through 2011: $1.2 Billion
– Railroad track maintenance tax credit, through 2011: $330 Million
– Rum excise tax change, to increase the tax floor on rum from Puerto Rico and Virgin Islands:
$262 Million
– Washington DC investment tax credit, through 2011: $138 Million
– NASCAR and other race tracks, credit for capital improvement. Through 2011: $36 Million
– Mine rescue team training credit, extend through 2011: $5 Million
* Estate Tax Change/Cut for 2011: $68 Billion
* Unemployment Extension for 2011: $57 Billion (NOTE: this estimate is from the Congressional Budget Office)
