Strange Tax Breaks In Fiscal Cliff Deal

The Washington Post highlights some of the most ridiculous loopholes and giveaways.  One of my favorites:

The so-called NASCAR loophole, in place since 2004, allows anyone who builds a racetrack to receive a small tax benefit through accelerated depreciation. This tax break cost roughly $43 million the past two years and will get extended for another year. Sounds tawdry, right? And yet, supporters claim the break is necessary so that NASCAR can compete on a level playing field with other theme parks. Looks like they got their wish.

I'm sure folks building race tracks need those breaks.