Fiscal crisis package loaded with

[g8orbill]

special interest tax breaks

geez what a surprise

http://www.foxnews.com/politics/2013...st-tax-breaks/

[108]

Originally Posted by g8orbill

special interest tax breaks

geez what a surprise

http://www.foxnews.com/politics/2013...st-tax-breaks/

Not surprising the Fox article doesn't mention the corporate subsidies

[g8orbill]

feel free to comment 108-tell us what you think about both the special interest tax breaks and the corp subsidies

[G8trGr8t]

Included in the package this week were:

-- A rule allowing TV and film producers to write off the first $15 million in production costs inside the U.S. The value over 10 years of that provision is pegged at $248 million.

-- A provision allowing motorsport race tracks to more quickly write off improvement costs, valued at $78 million. McCain described it as "tax incentives for NASCAR track builders."

-- A 50 percent tax credit for expenses related to railroad track maintenance through 2013 -- worth $331 million.

-- Increased tax rebates to Puerto Rico and the Virgin Islands from a tax on rum imported into the United States. The U.S. imposes a $13.50 per proof-gallon tax on imported rum, and sends most of the proceeds to the two U.S. territories. The tax break is worth $222 million over 10 years.

-- A tax credit of up to $2,500 for buying electric-powered vehicles was expanded to include electric-powered motorcycles, at a cost of $7 million.

-- A tax credit for the production of wind, solar and other renewable energy, at a cost of $12.2 billion.



Read more: http://www.foxnews.com/politics/2013...#ixzz2H23LbP58

all to save the middle class...what a joke...and this was the dems bill, make no mistake about it..not a dime to encourage use of nat gas as a surface fuel though, that might actually help create jobs and reduce our dependency on foreign oil

[108]

Originally Posted by g8orbill

feel free to comment 108-tell us what you think about both the special interest tax breaks and the corp subsidies

Not into it unless it has true value

[G8trGr8t]

and true value is very subjective

how do you define true value?

[JerseyGator01]

This was indeed a crisis since hordes of Americans/bureaucrats were in danger of losing a chin or two.

[g8orbill]

Originally Posted by 108

Not into it unless it has true value

so if it exposes pork-as long as it doesn't help a corporation you are okay with it?

[gatorpa]

Originally Posted by 108

Not surprising the Fox article doesn't mention the corporate subsidies

I'm sure if the corporations are favorable to you the breaks are just fine....

[ThePlayer]

Originally Posted by 108

Not into it unless it has true value

True Value Hardware?

[VAg8r1]

Should we really be surprised? The subsidies are examples of return on investment. An implicit quid pro quo under which politicians enact legislation favorable to their campaign contributors would usually be considered bribery. According to the US Supreme Court in the Buckley v. Valeo and Citizens United cases 3rd party campaign ads are considered free speech. Logically advertisements financed by groups like Rove's American Crossroads are as effective as the same ads made by the candidates themselves from direct contributions, however one type of expenditure may be legally regulated whereas the other type (3rd party ads) is free speech may not be restricted. Maybe it's because the SCOTUS decided that because money talks it should be considered free speech under the First Amendment. Thanks to the Supremes, the US Congress will continue to be the best legislative body that money can buy.