Obama is trying this again. We'll see if it flies.
Obama Doesn't Want Federal Tax Dollars Paying For Any More Sports Stadiums
http://www.huffingtonpost.com/entry/oba ... ntent=link
Obama Doesn't Want Federal Tax Dollars Paying For Any More Sports Stadiums
http://www.huffingtonpost.com/entry/oba ... ntent=link
President Barack Obama is trying (again) to take federal taxpayers off the hook for financing new sports stadiums. In the 2017 budget proposal the White House released Tuesday, Obama proposed repealing a federal tax exemption on the bonds cities and states use to finance new stadiums.
What this wouldn't do is totally end the practice of publicly financing stadiums, as cities and states could -- and certainly would -- still use taxpayer funds and access non-exempt bonds to pay for new facilities. But it would amount to a small victory for those who oppose the use of public tax money to build stadiums that primarily benefit wealthy sports owners, in that it at least takes federal taxpayers out of the process.






