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NFL subsidy

This petition had 22 supporters

This information is from I wonder if taxpayers realize it. This money should go to building housing for our homeless vets and to raising the salaries of our military!!.

The National Football League sacks taxpayers from every angle.
The NFL is technically a nonprofit — thanks to a special exception in the tax code carved out by Congress in the 1960s — despite making billions of dollars of profit each year and paying top executives seven-figure salaries.
The NFL is allowed to negotiate contracts that would be illegal for companies like Apple or Exxon — thank Congress again for that one.

And the NFL is able to use its financial and political muscle to get lots of additional freebies from city and state governments, including taxpayer-funded stadiums and free sewer and water services.
Various franchises and owners have exploited local and state governments to rake in an estimated $1 billion from the public pot on an annual basis. The stadium subsidies are by far the most expensive and egregious.

After all that, many stadiums are given a free pass on paying property taxes — so the billion-dollar playgrounds for the billion-dollar owners in a billion-dollar league never have to write a check back to the taxpayers.
Nearly every team in the league takes advantage of the taxpayer. Only three NFL teams since 1990 have not either renovated their stadiums or built completely new ones, according to a 2011 study by Victor Matheson, an economics professor at Holy Cross, and Robert Baade, a professor at Lake Forest College.
Those three teams?  The Minnesota Vikings, San Francisco 49ers and Miami Dolphins.
The Vikings and 49ers have secured new stadium deals since the study was published in 2011. Taxpayers will pick up the tab for a majority of the costs of both.
In Minnesota, the new stadium will include $500 million in taxpayer-funded subsidies. The year the stadium was approved, the state was dealing with a $1.1 billion shortfall.

Even states that do not have an NFL team can be duped into ponying up public cash.

The NFL moved its annual Pro Bowl out of Honolulu for the first time in 30 years.  A year later, Hawaii voted to pay the NFL a $4 million bribe to bring the game back.
At the same time, the state was facing a budget shortfall and was cutting funding for public schools.
Of course, lawmakers can’t get luxury box seats to their local school board meetings.  Maybe if they did, they would have different priorities.

Congress needs to change this NOW!! 




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