Motorsports Legislation - Printable Version

Motorsports Legislation - Printable Version

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Motorsports Legislation - .RJ - 10-14-2004

<a class="postlink" href="http://forums.corner-carvers.com/showthread.php?t=19460">http://forums.corner-carvers.com/showthread.php?t=19460</a>

Bush gets my vote!

President Bush Expected to Sign Measure...

The US Senate has just passed the new Corporate Tax Bill which cuts taxes for a number of industry sectors including the race track owners who will benefit from tax breaks as they will now be able to write off the cost of investment in grandstand construction over a period of seven years rather than the current 15 years. It is estimated that this will save the circuit owners around $92m over the next 10 years and will act as an incentive for similar construction, which will help to boost the industry still further. - www.grandprix.com

Stolen commentary from corner-carvers Wrote:Kerry, Edwards AWOL on Motorsports Legislation

Oct 14, c-c.com news -- On the issue of the recently passed Corporate Tax Bill, neither Senators Kerry nor Edwards (democratic candidates for the White House) felt the health & continuing growth of the U.S. motorsports industry merited their attention. Citing "other" obligations, neither senator was present for this critical vote, which many consider vital to the racing community.

Semi-important looking graph that shows Kerry, Edwards lack of support

Neither candidate was available for comment concerning their lack of support for the motorsports constituency. We here at c-c.com news will keep you updated on this developing story...

Ken Rahaim reporting, c-c.com news...

- 83Rabbit - 10-14-2004

kerry can suck a motorsport dick in regards to that