What's a tax break for car racing doing in the budget deal?
February 9, 2018
WASHINGTON (AP) — Congress passed a $1.5 trillion tax cut package just two months ago. Turns out it wasn't enough.
Wedged into the new mammoth Senate spending deal is a pack of tax breaks for homeowners and electric car owners — as well as goodies for motor speedways. There's also tax relief for people and businesses affected by the California wildfires and the hurricanes that devastated Texas, Florida, Puerto Rico and the U.S. Virgin Islands. Owners of racehorses will get a break, too.
The new tax benefits didn't make it into the Republican-backed tax overhaul enacted in December, whic...