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Obama Calls For Ending Taxpayer Funded Sports Stadiums



I never knew these were federally funded. The federal government has no place in picking winners and losers.
Oh wait. That’s right, this is local governments doing this.

Check it out:

In a historic move, President Obama’s new budget proposes eliminating the longstanding practice by governments of forcing taxpayers to foot the bill for wealthy sports franchises to build, renovate, and maintain costly stadiums. For far too long, this shameless giveaway has left city budgets in ruins while showering the franchise owners with hundreds of millions in corporate welfare.

Sports franchises and their stadiums are a very emotional subject for many Americans. Love of the game and pride in their cities, the trophies in the box and the envy of the nation bind them close to our hearts. Unfortunately, a loophole in laws regulating government bonds for public works has allowed the billionaire franchise owners to hold city governments hostage unless their taxpayers and fans shell out millions to build or renovate the stadiums on top of the exorbitant prices one must pay for tickets, jerseys, and eight dollar Bud lights.

In a recent example, the Atlanta Braves just moved to Cobb County after prodding a bidding war with Atlanta for renovations; they finally got $397 million from Cobb, most of which will come from taxpayers.

President Obama’s not having it any more. In a small article placed in his 2016 budget proposal, he called for ending tax-free government bonds for sports facilities, which have cost taxpayers $4 billion over the past thirty years.

Republicans, of course, have immediately refused to pass it because it would mean the franchises would have to pay taxes on it like the rest of us, which they see as just more “big government” restricting businesses.

In reality, they just protecting a significant source of campaign donations- over a quarter million dollars to Republican candidates in the last year alone- and it’s common sense to lift such a burden off the taxpayers; as sports economist John Vrooman puts it, “Pres. Obama ends up being the fiscally conservative responsible adult.”

Continue Reading on www.occupydemocrats.com ...

[I believe the small town of Green Bay has funded their own stadium improvements and the team is owned by shareholders.]

Read more at http://conservativebyte.com/2015/03/obama-calls-for-ending-taxpayer-funded-sports-stadiums/