Friday, August 6

Americans for Prosperity tabulates waste

Americans for Prosperity has a list of some of the wasteful spending found in the “fiscal cliff” bill. An example:

Railroad repair (Section 306)
Cost: $165 million per year
Description: Railroads can claim tax credits for performing maintenance.

I might have thought that maintaining one’s capital investment is a normal business expense, but not so for railroads, it seems.

For the full list, see Fiscal Cliff Waste at AFP.