- $480 million in aid for rum production in the Virgin Islands and Puerto Rico… Captain Morgan, in fact!
- $430 billion in tax breaks for Hollywood studios to film in the United States
- $59 million in tax credits for algae biofuel growers and asparagus farmers
- Extends $2,500 tax credit for electric scooter purchases
- Up to $40 Billion in tax incentives to groups like NASCAR to maintain their motor speedways
- $331 million for railroads by allowing short-line and regional operators to claim a tax credit up to 50% of the cost to maintain tracks they own or lease
- Extends tax-free financing through Liberty Bonds; meant to help revive a post-9/11 New York, Goldman Sachs used $1.6 billion in Liberty Bonds to help finance their massive new headquarters in Manhattan.
- Extends tax credits for mining companies to purchase safety equipment and train employees on mine safety
- $9 billion in off-shore tax breaks for corporations; this provision allows multinational corps to defer U.S. taxes by moving profits into offshore financial subsidiaries
- $8 billion in tax breaks for corporate Research & Development
- $110 billion in Bonus Depreciation tax benefits
Fiscal Cliff Pork
The Best Free Investment You'll Ever Make
Sign up to receive the Wealth Daily newsletter - it's absolutely free! In each issue, you'll get our best investment research, designed to help you build a lifetime of wealth, minus the risk. Plus, by signing up, you'll instantly receive our new report: Charging Your Wealth: 3 Promising EV Charging Stocks Under $10
We never spam! View our Privacy Policy
After getting your report, you’ll begin receiving the Wealth Daily e-Letter, delivered to your inbox daily.
© WEALTH DAILY. ALL RIGHTS RESERVED.