…and we can see what is in it, the pork for President Barack Obama’s paymasters that is in it is quite impressive. Here are some, in no particular order. Enjoy the sausage.
- Accelerated tax write-off for owners of NASCAR tracks: $78 million
- Tax credit for companies operating in American Samoa: $62 million
- Distillers rum tax rebate: $222 million
- Film and television producers expense the first $15 million of production costs incurred in the US ($20 million incurred in economically depressed areas in the United States): $430 million
- Wind production tax credit: $12 billion
- Cellulosic biofuels tax credit continued and expanded to include producers of “algae-based fuel:” $59 million
- Biodiesel and “renewable diesel” tax credit: $2.2 billion
- Plug-in motorcycles tax credit: $7 million
- Energy-efficient appliances tax credit: $650 million
- Energy-efficient homes tax credit: $154 million
Most of these seem like chump change, but they, with other inclusions, sum to $40 billion of pork in the tax “deal.”