Capitol Report: Racehorse owners, rum distillers get tax breaks in budget bill

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Investors in race horses get a tax break in the budget deal.

The two-year budget deal unveiled by Senate leaders contains tax breaks for rum, racehorses and NASCAR track owners.

The bill retroactively extends through 2017 about 30 tax breaks that expired at the end of 2016.

Dubbed tax “extenders,” breaks are also included for renewable energy and film and television production.

See: Here’s what’s in the budget deal struck by congressional leaders.

The group Taxpayers for Common Sense, which is critical of extenders, said the racehorse provision primarily benefits investors in horses instead of breeders who race their own horses.

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