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Hollywood, Electric Scooters Benefit From Tax Breaks in Fiscal Cliff Bill



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Turns out that even the urgent nature of passing the fiscal cliff legislation didn’t prevent legislators from cramming in some goodies. Senator John McCain issues a statement deploring the extras in the fiscal cliff bill:

·         $430 million in tax breaks for Hollywood film and TV producers

·         $70 million in tax incentives for NASCAR track builders

·         $59 million in tax credits for algae growers

·         $15 million in subsidies for asparagus growers

·         $7 million for buyers of 2- or 3-wheel electric scooters

“It’s hard to think,” McCain said, “of anything that could feed the cynicism of the American people more than larding up must-pass emergency legislation with giveaways to special interests and campaign contributors.”



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