The most immediate issue in U.S. Federal tax policy today is the issue of the “tax extenders:” orphaned, temporary tax provisions that get their name from the way they are “extended” by Congress on an ad-hoc basis....
- The Tax Policy Blog
- Stadium Subsidies a Losing Deal for Taxpayers
Stadium Subsidies a Losing Deal for Taxpayers
One of our talented summer analysts—Eric A. Miller of the University of Rochester landed a piece in Sunday's Washington Post laying out the case against a taxpayer-funded stadium in our nation's capital. Here's an excerpt:
In its quest to bring professional baseball back to Washington, the D.C. Council agreed to build a new stadium for the Washington Nationals that is to be largely financed by taxpayer dollars. This is a sweetheart deal that will allow Major League Baseball to sell the team at a price that virtually guarantees it a profit while likely creating a burden for D.C. taxpayers...
Economists seldom agree, but the many studies done over the past decade all arrived at the same conclusion: Publicly funded stadiums do not deliver the benefits they promise...
The D.C. Council estimates that a new stadium will create 380 direct and indirect jobs for D.C. residents, but most of these jobs will be day-of-game positions for food vendors, parking lot attendants and other unskilled workers.
Local taxpayers will be forking over more than $1 million a job for such part-time, low-wage positions that won't even pay enough to support a family.
Subscribe to the Tax Foundation Newsletter
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.
Recent Blog Posts
Related State Articles
- Lessons on Legalizing and Taxing Marijuana from the Colorado and Washington Experience: Testimony to the District of Columbia Committee on Business, Consumer, & Regulatory Affairs and the Committee on Finance & Revenue
- D.C. Council Overrides Mayor's Veto of Tax Reform Package
- D.C. Council to Vote on Tax Reform Package Today
- 1 of 30
- next ›