Remember Nascar and the whole Bubba Wallace, fake noose incident? apparently that qualifies them for a tax break in the latest COVID-19 “relief” bill. You on the other hand wouldn’t see any tax break. Instead, if you are lucky, you’ll get a $600 payment that pay for all your expenses for the last 10 months. Don’t worry though, Nancy Pelosi gets to keep her $25,000 freezer for her expensive ice cream.
| Nascar gets a tax break in new COVID-19 bill, but not you |
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This is a perennial "tax extender" always put into year-end bills, along with tax breaks for Puerto Rican rum and NASCAR.
It was thought that the shift of the R&D tax credit to permanent would orphan these tax extenders, but they keep chugging along. https://t.co/EUvR0Bql6T— David Dayen (@ddayen) December 21, 2020
Beer, Restaurants and Nascar Win Tax Breaks in Virus-Relief Bill https://t.co/JIogObg0x7
— Ron (@ronmc1) December 21, 2020