Do NASCAR track owners need a break? NASCAR is the most lucrative sporting industry in America (maybe the world). GE? They need some help? Please.

I also understand that Starbucks is getting a tax break, which pisses me off since the price of my drink went up 20 cents on Wednesday (Which caused me to realize that I can eat LUNCH at Taco Bell...and who doesn't love some Taco Bell...for the same price as my coffee).

The tobacco one baffles me. Didn’t various governments in the US spend millions suing them and don’t they pay the states and the Feds money, so does that mean we (citizens) are funding their penalties?

Anyway, here's the link

http://www.cfo.com/article.cfm/3281840/c_3281847?f=home_todayinfinance


The 633-page bill features 276 separate provisions, reported the Washington Post, including tax breaks for Alaskan whalers, NASCAR track owners, importers of Chinese ceiling fans, and gamblers from overseas. Other provisions, according to the Associated Press, would reduce excise taxes on the sale of bows and arrows, fishing-tackle boxes, and sonar fish finders.
General Electric Co. would receive hundreds of millions of dollars in benefits from a 10-year, $7.9 billion provision that would simplify how U.S. taxes are calculated on overseas profits, the Post pointed out. A related provision would grant companies with substantial overseas earnings a temporary tax holiday, during which they could bring those profits home at a discounted tax rate of 5.25 percent.
The most controversial tax break approved by the conference committee is likely the $10.1 billion in payments to tobacco farmers, related to a quota system that governs how much tobacco can be grown each year, noted the AP. The preliminary plan omits a Senate proposal that would link the tobacco buyout to regulation of the industry by the Food and Drug Administration. "What the conferees have done is remove the lynchpin in the passage of this legislation in a complete sellout to the tobacco companies," said Sen. John McCain (R-Ariz.), according to the wire service.