NASCAR Gets A Piece of the Fiscal Cliff Pie

The newest catch phrase out there is "The Fiscal Cliff," and it has come and gone.  I'm not sure what the big deal was, because had they hit this "cliff," I'm sure they would have had extensions or what not to keep it all going.

But what's interesting is that NASCAR was mentioned and got it's piece of this new 157-page national budget.  Or more to the point, they are noted in the motorsports entertainment complex perk known as the NASCAR Tax Credit.

This credit allows the racetracks to write off costs over a seven year period of time.  This credit lets them write off their expenses over and/or above other stipulations from state and local taxes.

This isn't a subsidy.  It's a credit or tax write off.  Like when you write off business expenses or mortgage interest rates.  At least that's how I read the terse article that made mention of it.

[source: breitbart ]