Two Senators have introduced legislation to stop federal government subsidies from support sports arenas.
Two senators, Corey Booker, D-NJ and Frank Langford, R-OK want to stop sports team giveaways.They have introduced Senate Bill SB. 1342
Wealthy team owners don’t need federal tax breaks to build new stadiums, U.S. Senator Cory Booker said in support of the measure.
ESPN had the original, breaking coverage.
Here is the Brookings Report covering the waste of taxpayer subsidies going to billionaires.
Another article from Vice Sports has lots of links on the issue.
To show how hard it is to get rid of these subsidies. Check out this story on Sen. Moynihan, who introduced legislation in 1996 to stop similar subsidies. The bill was S.1880.
And NPR in 2011 also had a good summary of the issues.
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