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Posted: 5:04 p.m. Thursday, Jan. 3, 2013

NASCAR accused of getting special breaks in Fiscal Cliff deal

Racing league disputes the characterization

By Steve Berg and Scott MacFarlane

NASCAR is trying to put the brakes on reports that it’s scoring big on that fiscal cliff deal.

The famed stockcar racing league is protesting the media and at least one U.S. Senator's use of the phrase "NASCAR tax loophole".

The last minute fiscal cliff law extended a tax break worth millions for "certain motorsports racing facilities".

But a NASCAR spokesman tells KRMG’s Washington Bureau that the racing league itself will see absolutely "no relief" in the deal.

Though NASCAR uses those racetracks, the league doesn't actually own them or build them.

But Oklahoma Senator Tom Coburn has said those tax deals are an example of “Congress intervening on NASCAR and track owners' behalf".

 Coburn told McClatchy Newspapers that he fought vigorously against what he called "tax goodies for special groups."

"I lost every vote," he said.

 
 
 

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