Despite the fact that it is a $10 Billion/Year industry, the National Football League (NFL) continues to enjoy tax subsidies paid for by me and you.
According to the Brookings Institute, the NFL's stadiums received $3.2 billion worth of federal tax subsidies. State governments gouge us, too:
- Nevada taxpayers paid $750 million to finance the construction of the new Las Vegas Raiders stadium
- The City of Atlanta gave Falcons owner Arthur Blank a plot of land worth $24 million. He built a new stadium there, using an estimated $200 million from taxpayers, with the guarantee of an additional $700 million from taxpayers over the next 30 years.
- The New Orleans Saints receive $18 million from taxpayers every year, after taking $376 million tax dollars to renovate the Superdome.
These are only a few examples of the excessive tax breaks granted to NFL teams.
The ultra-rich team owners pillage local governments to get their stadiums built, courtesy of subsidies paid for by taxpayers. In addition, they finance stadium construction with tax-free municipal bonds. These bonds were created to finance the construction of roads and schools, but instead, NFL teams use hundreds of millions of dollars of these bonds.
Note: A previous version of this petition stated that the NFL paid no taxes. NFL teams have always been taxable entities. and the NFL League Office has paid taxes since 2015.
To The White House and Congress:
The NFL is a private business, which generates $10 billion each year. Still, state and local governments use our taxpayer money to subsidize their stadiums. This needs to stop immediately.
From a liberal view, these very wealthy businesses should not get special subsidies. From a conservative view, this will help balance the budget. No private citizen should be forced, via taxation, to subsidize a sports league.