Blackvegetable » 11 Feb 2018 11:20 am wrote: Huey » 10 Feb 2018 11:24 am wrote:
Tucked inside the bipartisan budget deal that looks poised to pass the Senate Thursday are a slew of tax breaks for NASCAR, Hollywood, racehorses and rum. And beer, too.
The agreement reached Wednesday extends various “temporary” write-offs that have been on the books for years. Many of the breaks expired at the end of 2016 and would just be retroactively extended through 2017. For example, certain property placed in service in 2017 -- such as motorsports entertainment complexes and racehorses -- will still be able to qualify for a faster depreciation schedule.
Extending the benefits, with expiration dates, tends to be a routine exercise for Congress -- and a byproduct of lawmakers’ failure to reach long-term agreements on a variety of write-offs and perks that can be controversial but have the backing of influential constituencies. Some House Republicans have complained about the breaks, questioning whether they should be preserved. Senate GOP members have generally been more supportive of continuing them.
Reinstating the breaks temporarily has become a go-to shortcut to make the benefits appear less costly to the federal government in the long run.https://www.bloomberg.com/news/articles ... udget-deal
How do we know if any of the Republicans involved are "progressive"?
Shit, you been under a rock the last 7-8 years? Where do you think the race horse provision came from, for example?