Congress Porks Out On TARP: VOTE For The Worst Expenditures

Congress just can't help itself with the pork. Last fall, with the elections looming and the politicians anxious to get back to their districts to campaign, Congress stuffed the emergency Troubled Asset Relief Program (TARP) with hidden tax breaks to get it passed. According to Bloomberg , Max Baucus, the Montana Democrat who chairs the Senate Finance Committee, led the charge in providing nonbank companies, like Nascar, Burger King and London-based conglomerate company Diageo, which ma

Kentucky Speedway’s Tax Incentive May Be in Jeopardy

Several major pieces of legislation in Kentucky’s General Assembly including a tax-incentive plan designed to lure a NASCAR Sprint Cup race to the Kentucky Speedway are in jeopardy. Kentucky’s House leaders will only consider any vetoes by Gov. Steve Beshear when lawmakers return to the capital of Frankfort Thursday and Friday to wrap up this year’s legislative session. Its been reported Speaker of the Democrat controlled House, Greg Stumbo, “believes that most of the legislation still on th