Greene County Democrat

Tag: Tax Policy Center

  • Newswire : NFL owners reap windfall from Trump-GOP Tax Plan while fans pay more for tickets

    By Stacy M. Brown
Black Press USA Senior National Correspondent

     

    As the 2025 NFL season kicks off, a new report from Americans for Tax Fairness (ATF) shows the massive divide between billionaire team owners and the fans who pack stadiums and stream games from home. The study estimates that the average NFL franchise owner pulls in about $600 million annually, or 7,000 times the average fan’s income of $85,000.
    That divide will only grow under the Republican tax-and-spending plan enacted this summer. According to the Tax Policy Center, the wealthiest 0.1% of households, where every NFL owner resides, will enjoy average tax cuts exceeding $286,000 in 2026. Meanwhile, typical fans will see modest cuts erased by higher consumer costs driven by Donald Trump’s tariffs, leaving them about $700 poorer each year.
    “Economic inequality and price gouging are as much on display in the new NFL season as peak athleticism, acrobatic catches, and explosive runs,” said David Kass, ATF’s executive director. “The fans who loyally support their favorite teams through good years and bad, putting up with steadily rising ticket prices, streaming costs, and concession-stand gouging, have little in common with the billionaires who own their franchises. It’s the owners who will benefit from Trump-GOP economic policies in the form of huge tax cuts for billionaires and economic elites like themselves, while fans will lose money from a combination of cuts to vital public services like Medicaid and SNAP and Trump’s chaotic tariff regime”.
    Rising Costs for Fans

    The ATF study shows the growing financial burden for fans. Average ticket prices across the league now sit at $125, with some teams charging more than double that. In Detroit, the average ticket runs $254, while in Las Vegas it’s $243. Even basic stadium staples cost more: beers top $12 in San Francisco, hot dogs go for $8.49 in Los Angeles, and tariffs on Canadian pork and Mexican beer add another $2.23 and $2.29, respectively, to game-day concessions. Beyond stadium walls, costs to follow the sport from home have soared. Fans must now subscribe to multiple streaming services to watch every game, a bill that can exceed $1,000 annually.
    Billionaire Owners and Tax Breaks

    Billionaires dominate NFL ownership. The mean average wealth of team owners is $10.6 billion. Rob Walton of the Denver Broncos, heir to the Walmart fortune, holds an estimated $77.4 billion in net worth. ATF noted that 29 owners collectively stand to gain tax breaks large enough to buy more than 66,000 game-day tickets. The financial gulf also extends to players, who earn an average of $860,000 annually with careers lasting only about three years. Income players make is taxed at up to 37%, while owners’ investment income faces only a 20% top rate. IRS records reviewed by ProPublica previously showed that some billionaire NFL owners paid effective tax rates in the low teens, or even single digits, despite billions in income.
    A Different Model in Green Bay

    Billionaire owners are not essential to a team’s success. The Green Bay Packers, the NFL’s only publicly owned franchise, are operated by more than 500,000 fan-shareholders. No individual can own more than 4% of shares, and ownership yields no dividends. Yet the Packers are among the most profitable and competitive teams in the league, valued at $6.3 billion and ranking 12th in revenue in 2024.
    Policy Debate

    Democratic leaders have offered proposals aimed at narrowing the divide. Former President Joe Biden called for taxing investment income at the same rates as wages, while Vermont Democratic Sen. Bernie Sanders has proposed lowering the estate-tax exemption to ensure massive family fortunes contribute more. Oregon Democratic Sen. Ron Wyden also has pushed for an annual tax on billionaires’ unrealized gains. “The contrast between billionaire owners and working-class fans couldn’t be clearer,” Kass stated. “The tax code should work for everyone, not just the wealthiest

     

  • Newswire : House passes tax bill raising deficit by $1.7 trillion

    Terri_Sewell,_Official_Portrait,_112th_Congress
    Congresswoman Terri Sewell

    WASHINGTON, D.C. – On Thursday, the House of Representatives passed Republican tax legislation, which will add $1.7 trillion to the national debt according to estimates by the Congressional Budget Office. Analysis by the Tax Policy Center shows that 36 million middle-class and working families, or more than one out of every four taxpayers nationally, will experience a tax increase under the tax bill by 2027.

    Congresswoman Terri A. Sewell (D-AL) releases the following statement:

    “The Republican tax bill which passed the House today is nothing more than a giveaway for corporate special interests at the expense of America’s working families,” said Rep. Sewell. “By eliminating popular deductions like the student loan interest deduction and the medical expense deduction and by limiting mortgage interest deductions for homeowners, this bill betrays our middle-class families. This legislation pays for unsustainable tax breaks by erasing proven economic incentives that distressed communities rely on, like the New Market Tax Credit, the historic tax credit, private activity bonds, and bond provisions that cities and municipalities rely on to fund the construction of public projects.

    Our tax code is a reflection of our values, but this legislation values special interests over the economic interests of our constituents. This will add $1.7 trillion to the deficit which is likely to result in massive cuts to programs like Medicare, SNAP, and Social Security. While today’s bill is a raw deal for Alabama’s working families, I will continue fighting for real tax reform that benefits all Americans.”

    During the markup of the Republican tax bill in the Committee on Ways and Means, Rep. Sewell offered three historically bipartisan amendments. All Democratic amendments, including the three amendments offered by Rep. Sewell, were rejected without a single Republican vote.