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Senators introduce bill to prevent use of municipal funds to finance sports arenas

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Update: Rovell’s report left out a crucial part of the bill. From Cory Booker’s website:

The bill would close a loophole in the tax code that allows professional sports teams to finance new stadiums with municipal bonds that are exempt from federal taxes.

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The bill would end federal subsidies for stadium financing, but would not prevent localities and states from bidding and offering economic incentives to teams. In eliminating this wasteful expenditure, the bill also unties the hands of local governments to finance their stadium subsidies with taxes on tickets and in-stadium purchases—in other words, allowing states to target taxes on the people who actually use and benefit from the subsidy. Current tax law does not allow local governments to finance federal stadium subsidies by levying taxes on stadium purchases.

(Cap-tip to Royalsretro in the comments)

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ESPN’s Darren Rovell reports that Senators Cory Booker (D-NJ) and James Lankford (R-OK) will introduce a bill that will prevent the use of municipal funds to finance sports arenas.

In a public statement, Booker said:

Professional sports teams generate billions of dollars in revenue,” Booker said in a statement. “There’s no reason why we should give these multimillion-dollar businesses a federal tax break to build new stadiums. It’s not fair to finance these expensive projects on the backs of taxpayers, especially when wealthy teams end up reaping most of the benefits.

Rovell notes that the Yankees ($431 million) and Mets ($185 million) have received the largest amounts of money in federal subsidies according to a report from the Brookings Institute published last September.

A study by the Federal Reserve Bank of St. Louis, published in 2001, concluded, “The weight of economic evidence, however, shows that taxpayers spend a lot of money and ultimately don’t get much back. And when this paltry return is compared with other potential uses of the funds, the investment, almost always, seems unwise.”

The public financing of sports arenas is essentially corporate welfare. The owners receive free money, making the hazy promise of helping to boost the local economy by creating permanent jobs. That is almost never true, as many stadium jobs are temporary and seasonal. In other words, the jobs created pay little and provide little, if any, benefits like health insurance. While the owners pocket profits created by the stadium and by criminally underpaying employees, those employees then become dependent on the government to survive. Walmart, for example, has been taking advantage of this for years. According to Forbes, Walmart’s low pay causes their employees to cost U.S. taxpayers an aggregate $6.2 billion in public assistance despite Walmart taking in $132 billion for the year ending April 30, 2016. Stadium owners create the same situation for their employees and for taxpayers.

Bruce Maxwell is the first MLB player to take a knee during the National Anthem

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Athletics’ rookie catcher Bruce Maxwell did not stand for the National Anthem on Saturday night. He’s the first MLB player to do so and, like other professional athletes before him, used the moment to send a message — not just to shed light on the lack of racial equality in the United States, but to specifically protest President Donald Trump’s suggestion that NFL owners fire any of their players who elect to protest the anthem by sitting or kneeling.

“Bruce’s father is a proud military lifer. Anyone who knows Bruce or his parents is well aware that the Maxwells’ love and appreciation for our country is indisputable,” Maxwell’s agent, Matt Sosnick, relayed to the San Francisco Chronicle’s Susan Slusser on Friday. He continued:

Bruce has made it clear that he is taking a stand about what he perceives as racial injustices in this country, and his personal disappointment with President Trump’s response to a number of professional athletes’ totally peaceful, non-violent protests.

Bruce has shared with both me and his teammates that his feelings have nothing to do with a lack of patriotism or a hatred of any man, but rather everything to do with equality for men, women and children regardless of race or religion.

While Maxwell didn’t make his own statement to the media, he took to Instagram earlier in the day to express his frustration against the recent opposition to the protests, criticizing the President for endorsing “division of man and rights.”

Despite Trump’s profanity-laced directive to NFL owners on Friday, however, it’s clear the Athletics don’t share his sentiments. “The Oakland A’s pride ourselves on being inclusive,” the team said in a statement released after Maxwell’s demonstration. “We respect and support all of our players’ constitutional rights and freedom of expression.”

Whatever the fallout, kudos to Maxwell for taking a stand. He may be the first to do so in this particular arena, but he likely won’t be the last.

Alex Wilson broke his leg on a 103-MPH comebacker

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This one is brutal. Tigers’ right-handed reliever Alex Wilson was diagnosed with a broken leg after taking a blistering 103.8-MPH line drive off of his right leg during Saturday’s game against the Twins. According to the Detroit News’ Chris McCosky, it’s a non-displaced fibular fracture, but will still warrant an extended recovery period and signal the end of Wilson’s season.

Wilson replaced Drew VerHagen to start the eighth inning and worked a full count against Joe Mauer. Mauer roped an 93.3-MPH fastball back up the middle, where it struck the pitcher on his right calf. While Mauer took first base, Wilson got to his feet and tried to toss a warm-up pitch, but was in too much pain to continue and had to be helped off the field.

Even in a season that isn’t going anywhere in particular, this isn’t how you want it to end. The Tigers have yet to announce a recovery timetable for the 30-year-old reliever, but he won’t return to the mound until 2018. He exited Saturday’s outing with a 4.35 ERA, 2.3 BB/9 and 6.3 SO/9 over 60 innings.

The Tigers currently trail the Twins 10-3 in the bottom of the ninth inning.