Saturday, November 25, 2017

NFL Fights Tax Change on Stadium Financing

The National Football League said on Tuesday 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.

Comments

So, I take it that Andrea thinks we will all approve of the greatest theft in world history because the NFL opposes it for selfish reasons. Sorry Andrea, we aren't all simpletons like you. If I have to be on the same side of an issue as the NFL I'm fine with that, the Republican tax bill is obscene and should be opposed by all civilized human beings because it is just plain wrong.
We could forgive every student loan in the country for the same amount of money that we will spend giving the 1% these tax cuts. That would actually grow the economy because those owing those student loans would spend the money they save while the 1% won't change their spending habits at all, they will just get richer but the economy won't see any change.

#1 | Posted by danni at 2017-11-23 02:06 PM

Excellent. Another progressive reform from Republicans. Bet the Dems oppose it.

#2 | Posted by nullifidian at 2017-11-23 03:45 PM

Good. The NFL has been extorting cities and states for decades while raking in billions in billions in profits.

#3 | Posted by 726 at 2017-11-24 10:28 AM

Yeah, this is exactly like th mortgage interest deduction.

I'm seriously beginning to think mackris is a bot using a -------- generator to write posts.

#4 | Posted by jpw at 2017-11-24 11:50 AM

Excellent. Another progressive reform from Republicans.

It's amazing how much water you carry for Republicans. To call this a "progressive reform" without noting the tax bill is an anti-progressive giveaway to the rich is dishonesty on a Kellyanne Conway scale.

#5 | Posted by rcade at 2017-11-25 08:08 AM

Who cares why someone opposes the new bill ... as long as they oppose it?

You gonna argue with someone who agrees with you because they agree with you for the wrong reason?

Let's kill the bill first, then we can argue about the other differences later.

#6 | Posted by kudzu at 2017-11-25 08:35 AM

Another progressive reform from Republicans.

#2 | POSTED BY NULLIFIDIAN

the only problem is that there is exactly zero evidence that lowering taxes does anything for the main economic problems. It only gives short term profits to the top 1% and it does not trickle down to the rest of the people.

Perhaps you haven't noticed that wages have been stagnant for 20 years despite inflation and already lowered taxes?

#7 | Posted by kudzu at 2017-11-25 08:40 AM


It's about time we wean the NFL off local government welfare.

... the sort of bonds typically used to fund schools, libraries and public transit. ...

I've no issue whatsoever with keeping the tax exemption for these purposes.

But for NFL stadiums? I think it is time we end the forced subsidies for the NFL and other profession sport businesses. The $9 monthly ESPN fee should be next. Move ESPN its own premium sports tier.

#8 | Posted by LampLighter at 2017-11-25 10:45 AM

'We could forgive every student loan in the country for the same amount of money that we will spend giving the 1% these tax cuts. That would actually grow the economy because those owing those student loans would spend the money they save while the 1% won't change their spending habits at all, they will just get richer but the economy won't see any change."

I'm going to keep planting this seed in your tiny little minds until you get it. We could actually grow our economy which would benefit everyone, including the 1%. A rising tide lifts all boats. A tax cut for the rich just rewards hoarders who won't invest to create jobs nor growth, we've seen the Trickle Down movie before. Are your memories really that short?

#9 | Posted by danni at 2017-11-25 11:43 AM

I think any public funding for a private business should be not allowed. If the business thinks it's such a great idea, let them put up their own money. I am sick and tired of supporting something I either don't agree with, or follow. I used to be a Mil Brewers fan, then Tommy Thompson rammed down a new stadium at taxpayer expense so Bud Seilig could make a few more bucks.

My son (30+ yrs)asked me if I wanted to go to a Brewers game for free, I declined. I have boycotted any and all events at Miller Park since taxpayers have to still sponsor .01%'ers.

#10 | Posted by bat4255 at 2017-11-25 12:03 PM

#4 | POSTED BY JPW

Perhaps but I am not angry.... No one has refuted my article outlining the rich take more advantage of the MID than the poor or middle class.

To call this a "progressive reform" without noting the tax bill is an anti-progressive giveaway to the rich - rcade

The NFL is owned by the rich... Yet you want to say this bill is a give away to the rich. The NFL and their rich owners reap more from these, MID included, tax breaks than the bill.

To whine a post isn't complete because it didn't outline false information is pretty funny, though I won't flag it as such.

#11 | Posted by AndreaMackris at 2017-11-25 12:40 PM

I would also point out the neutral nature of the title change, thereby implying it's progressive nature.

If it was so horrible you would have kept the GOP in the title and made than own it.

#12 | Posted by AndreaMackris at 2017-11-25 12:43 PM

The tax bill gives plenty to the 1%, it is just unfortunate for the NFL owners that they aren't going to get quite as much as they hoped. Pigs at the trough. I have no sympathy for them nor for the other pigs demanding tax cuts. Hope they choke on them if they manage to get them through which is not a forgone conclusion by any means. The fact that there are so many greedy rich folks actually works in our favor, who knows, maybe they'll start a war among themselves.

#13 | Posted by danni at 2017-11-25 12:49 PM

---the only problem is that there is exactly zero evidence that lowering taxes does anything

The topic is the NFL taxpayer subsidies, not the overall tax bill. There have been plenty of threads about that.

#14 | Posted by nullifidian at 2017-11-25 01:06 PM

"No one has refuted my article outlining the rich take more advantage of the MID than the poor or middle class."

Punishing the poor because it punishes the rich more still punishes the poor.

How about a plan that doesn't punish the poor, got any of those?

#15 | Posted by snoofy at 2017-11-25 01:34 PM

Perhaps but I am not angry....

Then you're either not paying attention or you're among the lucky few who benefit from our current nightmare(s).

No one has refuted my article outlining the rich take more advantage of the MID than the poor or middle class.

Maybe because the issue isn't tax breaks that help a wide swath of the citizenry, but instead tax breaks that only help those with enough money to buy a congressmen or two?

#16 | Posted by jpw at 2017-11-25 02:12 PM

The NFL loses its tax breaks, but golf courses keep theirs?

Tell us again, Donnie, how you're going to be "killed" by the new tax proposals.

#17 | Posted by Danforth at 2017-11-25 03:18 PM

Quit subsidizing private industry altogether. There is a difference between creating a positive business environment and cutting a check. If the State or locals want to do it, they can answer to their local voters.

#18 | Posted by bogey1355 at 2017-11-25 05:39 PM

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