The White House portrayed the fiscal cliff bill as a victory for the middle class—but it may have been an even bigger windfall for people doing business in American Samoa. And companies that maintain railroad tracks. And folks who build businesses on Indian reservations. Rum makers, race track owners, algae growers—all are part of the list of 30 business groups awarded tax breaks or tax break extensions in the bill, according to the Joint Committee on Taxation.
Many of those tax provisions were inserted at the last minute at the behest of K Street lobbyists, working on behalf of big corporations and special interest groups. Chuck Todd does a Deep Dive into the fine print of the “American Taxpayer Relief Act” and then speaks to NBC’s National Investigative Correspondent Michael Isikoff about who’s getting the breaks and why.