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Who Benefits from the Fiscal Cliff Deal?

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  • Description

    FBN’s Gerri Willis on the where the pork in the fiscal cliff deal is going.

  • Duration 2:14
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While you were out enjoying your New Year's Eve with -- and family congress had their eye on your wallet.

Not only did they pass the biggest tax hike in twenty -- but they also filled the bill was so all much pork.

We may have to start calling -- the farm bill that's right the deal to raise taxes on families earning 450000.

Dollars -- more.

Is also chock a block full of special -- is for legislators on both sides of the here goes.

The Hollywood break a 430 million dollar extension of tax rules that help film and television productions.

-- latest Hollywood need that the -- -- a lead paid for that with extensive campaign contributions.

Another entertainment industry breaks seventy million for car racing.

Especially motor head to build raceway sorry I mean quote any extension of the seven year cost recovery period for motorsports facilities.

I'm not NASCAR was profitable.

Then this from the land of green energy -- million in tax credits for two and three wheeled electric vehicles.

Something tells me this is in an effort to get a golf cart in every garage.

-- -- -- Think -- used those anymore.

Seriously the money is work plug in motor bikes.

Credits were also extended for energy efficient appliances.

Bio diesel.

And renewable diesel -- there's a 59 million dollar credit for -- -- growers.

Tax credits to encourage the production of cellulose signal bio fuel you know what it's good when they -- -- likes -- industry.

Then there's tax exempt financing for what's called the New York liberties -- the area around the World Trade Center.

And Goldman Sachs CEO CEO Lloyd Blankfein says that you very much for the special benefits take I guess that makes up for the smaller bonus pool right.

The list goes on -- -- and there's a -- to railroad operators 222 million for Puerto Rican up unbelievable.

Really are flirting with Greece style public finances and congress continues to line the pockets of their friends and their family.

I don't know about you but there's some old acquaintances I'd like to forget that --

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