The NFL: Corporate Welfare Queen

When will I support raising taxes on businesses? When the “tax exemptions” are, in reality, targeted corporate welfare giveaways. Per Reason.com, Senator Tom Coburn is looking to take on professional sports leagues by stripping them of their non-profit tax status.

This is one of the few issues where free market advocates and the political left come to agreement: if there is any economic impact of subsidizing professional sports, it’s negative.

Why? Because these tax subsidies divert resources from other areas of the economy, often the more productive sectors. How is economic growth supposed to generate from robbing an innovative Peter to pay a less productive Paul?

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