SPORTS/TAXES/TRUMP AS PRESIDENT: “The National Football League said on Tuesday [11-7-17] it opposes a tax bill proposed by U.S. House of Representatives Republicans that could force teams to put up more of their own money to fund stadium construction.
Under the legislation unveiled last week, local governments could no longer fund the building or renovation of professional sports stadiums by issuing tax-exempt, public-purpose bonds, the sort of bonds typically used to fund schools, libraries and public transit.
According to the NFL, building new stadiums enhances economic development in cities that are home to the venues and federal tax breaks should be available…
President Donald Trump has called for an end to the subsidy, at least for the NFL, after some of its players angered the Republican president by kneeling during the national anthem to protest racial bias in the criminal justice system. His Democratic predecessor, Barack Obama, also proposed ending the tax break for stadiums in 2015.”
-Frank Pingue, “NFL opposes U.S. Republican tax plan on stadium funding,” Reuters, Nov. 7, 2017 11:05am