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Derek Thompson

Derek Thompson - Derek Thompson is a senior editor at The Atlantic, where he oversees business coverage for the website.
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He is a visiting research fellow at the Committee for a Responsible Federal Budget at the New America Foundation. Derek has also written for Slate, BusinessWeek, and the Daily Beast. He has appeared as a guest on radio and television networks, including NPR, the BBC, CNBC, and MSNBC.

'Jobs Bill' To Include Perks for NASCAR, Hollywood, Rum

By Derek Thompson
May 27 2010, 5:07 PM ET Comment

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.



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