That New Fiscal Cliff Deal Includes A Ton Of Tax Breaks For New NASCAR Tracks

Clint Bowyer and Kevin Harvick hanging out with Guy Fieri on New Year's is only half the problem.Politicians are the worst people on this planet, so it shouldn’t have surprised people this morning when news leaked of the sordid inclusions in the fiscal cliff deal, from a heavier rum tax on Puerto Rico to financing Goldman Sachs’ new headquarters. Good, those guys needed a break. But also included is the so-called “NASCAR loophole”, which has a lot of people really pissed off right now.However, it’s not like the government is just giving a ton of our hard-earned cash to the good ol’ boys who spend their days turning left. It’s much sneakier and more complex than that. Basically, it’s a nice, big tax break for the billionaires behind the International Speedway Corporation, and most notably the France family. So what, then, does this loophole give them?The so-called NASCAR loophole allows anyone who builds a racetrack to receive a small tax benefit through accelerated depreciation....