Today in special interest giveaways, the “jobs bill” edition:
The pending bill still includes a $38 million extension of a
depreciation break for “certain motorsport entertainment complexes,”
otherwise known as the NASCAR break. And television and film producers
would reap an expensing provision worth $46 million over 10 years.Puerto Rican and Virgin Island rum manufacturers would receive
excise tax breaks worth $131 million over 10 years; a second Puerto
Rican manufacturing break is worth $185 million. American Samoa would
receive a payment worth $18 million “in lieu of (an) economic
development credit,” according to the bill. The bill also extends trade
protections for the domestic cotton industry.
Puerto Rico – American Samoa – Virgin Island – United States – Caribbean
