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Beltway Confidential

Why is the government giving tax breaks to Triple Crown elites?

By Tom Joyce
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Why is the government giving tax breaks to Triple Crown elites?

The Kentucky Derby occurred over the weekend, and two major horse races will take place in the coming weeks: the Preakness Stakes and Belmont Stakes.

Collectively, the three races are known as the Triple Crown of thoroughbred racing. They’re also a great reminder of the complexity of our tax code and the waste created by carve-outs for special interest groups.

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Kentucky Derby Taxes