Hollywood and NASCAR Plan to Spend Fiscal Cliff Tax Break Money in Most Wasteful Ways Possible

LOS ANGELES — According to sources, both the Hollywood and NASCAR industries plan on spending millions of dollars of taxpayer money from fiscal cliff tax breaks in the most wasteful and unnecessary ways possible. NASCAR will receive $70 million in tax breaks as a result of the fiscal cliff agreement. Hollywood is getting paid $430 million through “special expensing rules,” allowing movie…