$700B Bailout Gives A Tax Break To NASCAR Tracks
By · CommentsBy: Keith Bloemendaal
Yes, you heard right. The Government decided to include NASCAR in it's plan to "rescue" the country from the economic crisis we are facing.
Under the terms of the financial “rescue plan,” motor sports facilities will be allowed to depreciate their capital investments over a 7 year period rather than the previously stated 15 year time frame. That means less of the earnings from each of those seven years will go towards taxes, helping the track owners achieve a higher annual profit in the short term. The new provision will provide incentives for track owners to invest in their facilities on improvements such as repaving tracks, new concession stands, parking lots and more.
Normally, I would be screaming "FOUL" at this point, but I gave it more thought and you should too.
This not only helps NASCAR track owners make upgrades to the facilities that have earned them millions, but jobs get created through it. When the tracks contract the repaving of the racing surface so Kyle Busch can get put in the wall by someone paying him back for an earlier race incident, this creates jobs for the contractors involved in the paving. Or when the owners of these facilities repave the parking lots, so drunken fans can pass out on a smooth piece of concrete, this creates jobs and revenues for construction workers (who are suffering through this housing crisis tremendously, I know because I am in construction as well).
In the past, owners used this tax break to install the safer barrier walls on many tracks, which could have saved lives had it been on the tracks sooner (lives like Dale Earnhardt Sr).
In closing of this short post, before you cry foul because the government gave a tax break to track owners, essentially, this will boost economic growth by providing revenues to many companies and the folks who work for them. This creates revenues for all the businesses that these workers do business with, from grocery stores, to restaurants, to landlords, to mortgage companies, gas stations, retail shops (Christmas is soon!) and many more. I though about what the average construction worker makes, maybe $500 a week. Do you think he gets to keep any of it under his pillow? No, it all gets spent somewhere. So, every job created, in a sense, helps the rest of us who luckily still are working.
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Jeff Gordon Gets New DuPont Paint Job For 2009 Season
By Driver · Comments (1)By: Keith Bloemendaal
The unveiling of the #24 Jeff Gordon Hendrick Motorsports DuPont Chevrolet came on Thurday's edition of the Today Show on NBC. It marks only the 3rd major paint scheme change for the DuPont Team. The design came from renowned motorsports artist Sam Bass who said "“I have been most fortunate to have had the opportunity to design the graphics for the DuPont/Hendrick Motorsports/Jeff Gordon race cars since they entered the NASCAR Cup Series in 1992."
The first time we the fans will officially see "Fire Storm" will be during speed weeks in Daytona. The Hendrick Team holds one of the longest standing sponsor/driver/owner relationships in NASCAR history. Richard Petty and STP come to mind when I think of other long standing relationships with sponsors. Of course, Jeff Gordon is no Richard Petty, but you have to give him credit for being a great driver and champion.
I am not the biggest fan of Jeff Gordon over the years, I don't hate him, just don't particularly root for him on Sunday unless he is somewhere near Kyle Busch! I do, however, like this paint scheme. Having DuPont as the primary sponsor of the Hendrick #24 for the last 16 years, you would think they would have cool paint schemes popping up all the time. This, by far, is the best paint job I have seen on the DuPont car. The flames look good, and I especially like the black background better.
What do you think, better, worse, don't care. Comment below to voice your opinion.
122 NASCAR Card Lot Race Used Autographed Serial Numbered
JEFF GORDON CABBAGE PATCH DOLL
VHTF 2009 Jeff Gordon 24 RFO Speed Racer Color Chrome NG 124 Nascar Diecast
VHTF 2009 Jeff Gordon 24 RFO Speed Racer Foundation Gold NG 124 Nascar Diecast
1 24 Jeff Gordon 24 Pepsi Star Wars III 2005 Monte Carlo Elite 1 of 2004
2011 Jeff Gordon 24 Drive to End Hunger Impala RCCA Elite
2011 Jeff Gordon 24 Drive to End Hunger Phoenix Win Impala RCCA Elite
jeff gordon dupont 1 24 diecast 2008
2000 Jeff Gordon 24 DuPont NASCAR 2000 Monte Carlo RCCA Elite
2005 Jeff Gordon 24 DuPont Daytona Win Monte Carlo RCCA Elite
2007 Jeff Gordon 24 Pepsi Talladega Win Impala SS RCCA Elite
1996 24 Jeff Gordon 300th of Chevy 400 Wins 1 24
Racing Champions 1996 24 Jeff Gordon Limited Edition 1 of 1996 1065 Silver
2012 Press Pass Redline Racing 10 Box Case Opening Breaking RYAN NEWMAN
2012 Press Pass Redline Racing 10 Box Case Opening Breaking RICHARD PETTY
2012 Press Pass Redline Racing 10 Box Case Opening Breaking REGAN SMITH
2012 Press Pass Redline Racing 10 Box Case Opening Breaking PAUL MENARD
2012 Press Pass Redline Racing 10 Box Case Opening Breaking OWNERS CREW CHIEFS
2012 Press Pass Redline Racing 10 Box Case Opening Breaking MICHAEL WALTRIP
2012 Press Pass Redline Racing 10 Box Case Opening Breaking MARTIN TRUEX JR
2012 Press Pass Redline Racing 10 Box Case Opening Breaking MARK MARTIN