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Trump: Say, What’s Up With This NFL Tax Break, Anyway? (Crony Capitalism)
Hotair ^ | 10/11/2017 | Ed Morrissey

Posted on 10/11/2017 10:55:55 AM PDT by SeekAndFind

Eventually, the NFL-protest debate was going to get to crony capitalism, right? Right. The only question is which tax incentives would come under fire, and which actually matter. Donald Trump decided to take aim at the league’s “massive tax breaks” this morning, and demand a change in law to eliminate them:

Why is the NFL getting massive tax breaks while at the same time disrespecting our Anthem, Flag and Country? Change tax law!

— Donald J. Trump (@realDonaldTrump) October 10, 2017

“Why is the NFL getting massive tax breaks while at the same time disrespecting our Anthem, Flag and Country? Change tax law!” the commander-in-chief posted on Twitter Tuesday morning, also taking aim at suspended ESPN host Jemele Hill.

“With Jemele Hill at the mike, it is no wonder ESPN ratings have ‘tanked,’ in fact, tanked so badly it is the talk of the industry!” he said.

The ratings are another interesting topic, but let’s stick with public policy for now. If the massive tax breaks in question are those which the league as its own entity enjoys at the federal level, the question is largely moot. At one time, the NFL organized itself to claim a tax exemption as a non-profit trade association, but as the New York Daily News notes, it surrendered that status in April 2015. (Time magazine reported that the decision was based on public-relations issues, in response to political attacks on the league.) The teams themselves have always been for-profit entities, subject to normal taxation on their income, as are the players and the owners.

The real benefit from tax breaks don’t come at the federal level. It comes at the state and local level. Congress may not be able to touch those, short of a punitive income tax on such tax breaks broadly on all businesses who enjoy them. The likelihood of that becoming part of the GOP’s tax-reform plan approaches zero, especially since they want to reduce tax burdens on business rather than increasing them — although it would go a long ways toward protecting taxpayers from extortion efforts by sports owners for publicly financed stadiums and retail complexes that put money into the pockets of private ownership.

The real action for that kind of effort would have to take place in state legislatures, and at least in Louisiana, the topic has come up in relation to the anthem protests:

Offended by New Orleans Saints players who protested by sitting during the national anthem Sunday (Sept. 24), state House Rep. Kenny Havard, R-Jackson, called for Louisiana’s government to pull state funding, tax breaks and other support from the professional football franchise. …

About $165 million of the Saints’ $1.5 billion value can be attributed to public funding, tax breaks and incentives given to Saints owner Tom Benson each year, according to an analysis The Times-Picayune | NOLA.com conducted in 2016. Benson, Louisiana’s richest resident, owes a good portion of his estimated $2.2 billion fortune to his ownership of two professional sports franchises, the Saints and the New Orleans Pelicans, which are both supported with taxpayer money.

“I believe in the right to protest, but not at a taxpayer-subsidized sporting event. Do it on your own time. There are plenty of disabled children, elderly and veterans in this state that would appreciate the money,” Havard said.

For that to be effective, all states would need to adopt such policies to prevent the usual extortion attempts used by businesses to wangle tax breaks in return for relocation. One would normally expect Louisiana’s attempted legislation to result in a franchise move to a friendlier state. Given the low popularity of the NFL at the moment, though, that may not be an option for franchise owners any longer. The ratings for this weekend’s night games hit new lows, and even the new Star Wars trailer didn’t help:

However, even with the much plugged world debut of the new Star Wars: The Last Jedi trailer at halftime, for the NFL and ESPN it was not such a great result in what is clearly a season of ratings hurt and protest controversies surrounding the national anthem – even on a night when the latter was not shown on-air by the league.

Snaring a 7.0 in metered market results, last night’s MNF was down double digits from last week’s Kansas Chiefs’ 29-20 victory over the Washington Redskins. Down 17% in the ratings, that’s actually a regular game season low for the ESPN broadcast game and matches the MM result of the second game of the doubleheader MNF opener on September 11.

That comes a day after Sunday Night Football also hit a season low with its ratings down too.

Allahpundit notes that MNF ratings are up overall, but the trend is looking poor. Also, he points out that the two teams involved last night aren’t exactly powerhouses, but Chicago has the #3 TV market in the country, and the Vikings-Bears game is a pretty solid divisional rivalry.

Owners don’t seem to think it’s a fluke. They are looking for the exits on the anthem protests, as the league’s spokesman said today:

NFL spokesman Joe Lockhart on politics: “There’s a strong feeling across the league that we ought to get back to football.”

— Darren Rovell (@darrenrovell) October 10, 2017

Can Goodell bring his new rule across the plane into the end zone? He’ll have to do so to catch up with the league’s customers. There’s been a strong feeling among fans to “get back to football” for a year now. They’re a little late picking up on the trend.



TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: crony; nfl; taxbreaks

1 posted on 10/11/2017 10:55:55 AM PDT by SeekAndFind
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To: SeekAndFind

Can I laugh hysterically yet?


2 posted on 10/11/2017 11:01:03 AM PDT by Delta 21 (Build The Wall !! Jail The Cankle !!)
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To: SeekAndFind

Well, it is a religion with some.


3 posted on 10/11/2017 11:03:08 AM PDT by CrazyIvan (Fidel and Che are together again, and it ain't on a t-shirt.)
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To: SeekAndFind

The Romans found feeding the lions to be far less expensive. The nfl might wish to go back and study history; along with our ‘esteemed’ congress.


4 posted on 10/11/2017 11:05:55 AM PDT by V K Lee (DJT: "Sometimes by losing a battle you find a new way to win the war. ")
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To: SeekAndFind

What is up with the NFL draft? I you are a talented college graduate with a degree in petroleum engineering you entertain multiple offers and choose the offer that you like best. If you get drafted into the NFL you get one offer, take it or sit out for a year.


5 posted on 10/11/2017 11:07:14 AM PDT by forgotten man
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To: SeekAndFind

So according to the article, about 10-11% of the Saints asset value is due to lucrative tax breaks worth $165 million.

Meanwhile, my Social Security is taxed as income. Bill Clinton saw to it that I pay income tax for 85% of my social security, up from 50%. Why is SS taxed at all?

What a screwed up tax system ... a billionaire owner gets millions in tax breaks while I pay a hefty tax on a few thousand a month.


6 posted on 10/11/2017 11:10:03 AM PDT by JohnEBoy (O)
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To: SeekAndFind

“NFL spokesman Joe Lockhart on politics: “There’s a strong feeling across the league that we ought to get back to football.””

There was a reason, prior to Kapernick taking a knee, that the NFL would not allow any sort of protest or other form of acknowledgement to anything or any one person, good bad, or indifferent, that if a player chose to ignore the League, they were fined. It was to protect the brand. But the cat is out of the bag and this will all be too little and too late to stop.

They even threatened to Fine Peyton Manning $25,000 for wearing black hi-top cleats to honor Johnny Unitas!


7 posted on 10/11/2017 11:13:10 AM PDT by shotgun
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To: JohnEBoy

Yeah, you’re right about that SS business. Just doesn’t make sense. Dems really screw the people.


8 posted on 10/11/2017 11:16:02 AM PDT by Karoo
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To: Delta 21

Please do...


9 posted on 10/11/2017 11:30:11 AM PDT by Dog (..."I'm just a cook....")
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To: SeekAndFind

The NFL decision has given conservatives a rare opportunity to take a whack at Black Lives Matter and the manipulations of Obama’s collusion with the media.

But the so called pundits are blowing it off. In effect diverting the media’s complitity which allowed this racial division diversion created by Obama ro take place.
Obama is still the untouchable and fellow radicals are just laughing at the NFL debacle and praising his political genius because pundits are letting the media divert that direction to “cum bye ja” and a dozen other directions.

Because pundits should be citing the racial division created by Obama and the subsequent racial incidents asking those bended knee players if they support this ?.

The problem here is refusing to connecting the dots to the democrats who created racial divisuon when Obama through the abuse of his office and the “Bully Pulpit” began creating “victims” out of blacks engaged in criminal activities who were not just resisting legal arrest but responding by attacking legal authority and endangering their lives .

Until this get exposed along with its political purposes which was creating racial division and a impeachable proof barrier as the continuing political discourse which has been expanded to include “white guilt” will continue.

When blame the cops for cold blooded killings started by Obama’s use of the Bully Pulpit. It began with his comments during the Zimmerman trial. Those comments inspired at least 10* deadly assaults ending in death of any non black who wandered near or in “hoods” controlled by members cf black ganags.

One such noteable case is that of Christopher Lane an Australian murdered by Crypts while visiting Duncan Oklahoma.*(At the time the media avoided any reference made to “For Trayvon” reason given in those murders by the culprits mainly gang members. Of the I think the figure (10)is more like 20 racially inspired murders)

Obama was never held accountable for his inflamatory remarks. And because he wasn’t he contunued hammering away creating a wider racial division targeting police authority which resulted in cops being targeted and murdered in cold blood.

IF THIS WAS BROUGHT OUT WHEN NFL GENUFLECTIONS ARE DISCUSSED WATCH HOW FAST IT DISAPPEARS


10 posted on 10/11/2017 11:30:58 AM PDT by mosesdapoet (Mosesdapoet aka L.J.Keslin)
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To: SeekAndFind

Maybe the nfl can outsource its product like so many corps.
London,mexico city, tokyo,
Maybe the nfl can get subsidized there.
Move, who cares? To hell with ya.


11 posted on 10/11/2017 11:54:24 AM PDT by Joe Boucher (President Trump makes obammy look like the punk he is.)
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To: SeekAndFind

The business model of the pro teams is playing one city off against another to get subsidies from the taxpayers. One city or state can’t fix this alone. This needs to be fixed at the federal level. (1) A federal tax on state and local subsidies. (2) Game tickets to govt officials classified as bribery unless the officials buy the tickets on the same basis as anyone else.


12 posted on 10/11/2017 12:13:36 PM PDT by omega4412
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To: JohnEBoy

So according to the article, about 10-11% of the Saints asset value is due to lucrative tax breaks worth $165 million.

Meanwhile, my Social Security is taxed as income. Bill Clinton saw to it that I pay income tax for 85% of my social security, up from 50%. Why is SS taxed at all?

___________________________________________________

BINGO


13 posted on 10/11/2017 12:26:51 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

This because our “leaders” believe we are their serfs and fools.


14 posted on 10/12/2017 8:25:22 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: hal ogen

The middle America get screw there. They cut the little people to the bone while they spend like drunken lotto winners.
What did those on SS get as an increase last year?


15 posted on 10/12/2017 8:31:28 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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