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

by Katrina Trinko

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.”