Nascar Auto
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Nascar and the auto industry bailout..?
Does it bother anyone else that GM took all that bailout money, but has not curtailed its Nascar involvement? I haven't heard plans for them to get new sponsors for the races they put on or anything.
Forgot to mention, I'm a big Kasey Kahne fan. Don't see Dodge spending anything on the guys at RPM.
I'm not sure if you really understand what any this is about, or you wouldn't have asked the question.. GM, and the other manufacturers don't donate money to NASCAR for recreation, they do it for advertising, and to increase their profits by lowering taxes, among other things..
Now why they are allowed to deduct this from their taxes, would be a better question to ask..
If advertising is good for profits, why the tax deduction?? If GM, or any company makes bigger profits by advertising, why does the public need to subsidize it??
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