House tax plan might “cut cut cut cut cut” stadium deals

It didn’t grab headlines, but the House tax reform plan due out today includes a nugget free-marketeers should find encouraging. From the Wall Street Journal (behind the paywall):

Tax-exempt bonds could no longer be used to build professional sports stadiums.

That’s right. One major tool attracting public subsidies for billion-dollar sports franchises could be going, going, gone!

Read more about the John Locke Foundation’s work on subsidized sports teams and facilities here.

Read Carolina Journal’s reporting and analysis of the stadium issue here.

Rick Henderson / Editor-in-chief, Carolina Journal

Rick Henderson became editor-in-chief of Carolina Journal in August 2016 after being managing editor of Carolina Journal since April 2009. Before that, he had worked more than...

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