Here’s How Much Money the NFL Rakes in From Taxpayers

THE DAILY SIGNAL – JARRETT STEPMAN

The National Football League is now plunged into politics as players throughout the sport kneel for the national anthem and President Donald Trump continues to rebuke them publicly.

Undoubtedly, the situation has left many fans and non-fans of the league conflicted or angry.

This fiasco may, however, open the eyes of the public to a serious and generally unchecked issue: billionaire NFL owners sponging enormous amounts of money from taxpayers through crony capitalist schemes.

The fact is that a business that raked in $14 billion in revenue in 2016 is heavily subsidized by local, state, and federal money based on dubious claims about stimulating the economy.

The problem is rampant.

One report on Watchdog.org said that over the past two decades, the NFL has raked in about $7 billion of taxpayer money to spend on stadium renovation and building.

Another study from the Brookings Institution showed that federal taxpayers have subsidized the construction of 36 stadiums at a cost of over $3.2 billion since 2000.

Michael Sargent, an infrastructure expert at The Heritage Foundation, wrote about how sports teams use specially crafted tax breaks to get the public to finance their massive projects.

Read more on the story at The Daily Signal

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