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

By Derek Thompson

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.

This article available online at:

http://www.theatlantic.com/business/archive/2010/05/jobs-bill-to-include-perks-for-nascar-hollywood-rum/57380/