How Washington's fiscal cliff deal helps NASCAR and electric motorcycles

With the so-called fiscal cliff looming like a New Year's Day hangover, US lawmakers were able to strike an eleventh-hour deal that should prove beneficial to couples making less than $450,000 a year. Like any piece of US legislation, though, there was enough pork stuffed inside to ensure lobbyists and well-connected constituents remain happy. As a part of the deal, a few tax credits were extended that pertain to the automotive world. On one hand, a 2009 tax credit was extended for electric motorcycles and scooters that gives buyers a break of up to 10-percent of the purchase price (up to $2,500).

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