Publish Date: 08/02/2018
Fact checked by: Mark Lewis
When you hear the name Jerry Jones, what comes to your mind? To some, Hall of Fame owner comes to mind. To me, many other things come to mind, like the owner who ruined maybe the greatest team of all-time by firing the man who created it. That, of course, was Jimmy Johnson. Why did he fire Johnson? That answer is easy, his ego could not take someone else getting the credit for what he had done. Throw in the old pics with the young strippers a few years ago and you have a picture of what a man like Jerry Jones is all about and that thing, of course, is money and nothing else. They call his billion dollar stadium Jerry’s World but he only paid for half of it; the other half was paid by tax-payers.
That stadium deal is what makes owners beholden to the President. All of these publicly funded stadiums could be stopped by President Trump at the drop of a hat and Jones and the other owners know this. Don’t bite the hand that feeds you, the NFL owes a large portion of its wealth to these publicly funded stadiums and that cannot be denied.
1) Laws allowing teams to fund stadiums with tax-exempt bonds have cost the United States an unbelievable $3.7 billion in lost tax revenue from 2000 through 2014, according to the Brookings Institution paper released last year, a figure that reflects the lower interest rates paid on municipal debt and the tax exemption for bondholders. Do millionaire, and in some instances, billionaire owners, really need government handouts? No, of course, they don’t.
2) Of the 16 NFL stadiums built or renovated from 2000 through 2014, 13 were financed in part by tax-exempt bonds with an average financing worth $360.2 million, according to Brookings, a Washington-based policy think tank.
3) Trump could propose tax reform legislation to remove the federal tax exemptions on debt financing for stadiums. However federal changes would not necessarily hinder any potential incentives offered by state and local authorities. The latest and largest subsidy offered to an NFL franchise is the $750 million Las Vegas is using to lure the Oakland Raiders to a $1.9 billion stadium. The money will come from public funds raised via a visitors’ tax on Las Vegas strip hotel rooms.
4) There are two bipartisan bills, one in the Senate and one in the House, before the U.S. Congress that seek to remove federal tax-exempt status for bonds tied to sports stadiums by treating them as private activity bonds.
5) Former U.S. President Barack Obama proposed in two previous budgets for 2015 and 2016 legislation to eliminate the tax exemptions on stadium financing, Brookings said.
So as you see, this is why NFL owners want to keep President Trump happy. NFL owners are nowhere near the patriots they want you to believe they are, they are quite the opposite. In all reality, they are protecting their investments.
Look at the pictures of Jones standing with his hand over his heart during the anthem, do you see anything wrong with this picture?
Number one he is talking during the anthem and number two he is leaving his hat on, neither of those are respectful things to do during the anthem. The world is full of hypocrites and President Trump is a hypocrite. He was a draft-dodger that used his father’s influence to get out of fighting for his country. Jones is just a rich asshole who is interested in the bottom line and he will do as Trump says, as will the other NFL owners. Again if they don’t, all of your tax-payer money to fund stadiums could disappear! So remember this when you post ‘Jerry Jones demands his players stand’. It is not because he is a great American, far from it. He is just protecting his ability to TAKE YOUR MONEY TO PAY FOR HIS AND OTHER OWNERS’ STADIUMS!