Factbox - Can Trump kill NFL stadium tax breaks? Five facts to consider


NEW YORK (Reuters) - U.S. President Donald Trump on Tuesday stepped up his war of words over National Football League players’ silent protests against racial injustice, saying the world’s top-grossing sports league should not be given tax breaks while athletes kneel during the national anthem.

The NFL gave up its tax-free status two years ago, but new or renovated stadiums are often funded at least in part by tax-exempt municipal bonds issued by local governments or states. Team owners benefit from government financing via lower interest rate bonds backed by team lease payments, stadium-generated revenue and even tax dollars.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Others Also Read