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.
