I still think the idea of Congress subjecting Americans to international law is dubious at best, especially when that law is to be administered by the International Olympic Committee, and I still think Congress was wrong to threaten to write laws that would forbid ballplayers and other athletes from taking legal substances.Speaking of those tax benefits...
This last point is subtler than it is usually thought to be. Because the federal government subsidizes professional sports through various elements of the tax code - especially those that allow municipal bonds meant for the construction of ballparks to be issued tax-free and those that allow corporate entertainment in pricey luxury boxes to be written off as a business expense - it does have a legitimate interest in the inner workings of those sports. The appropriate way to protect that interest, though, would be to threaten sports owners with the revocation of those elements of the tax code, not to threaten legislation of the game.
The difference is important. In the former scenario, the government says that the corruption and illegitimacy brought about by drug use in sports is an issue important enough that the government is willing to forego revenue over it; in the latter, it keeps on subsidizing wickedness while creating a class of citizens to whom a different set of laws applies.
Of course, Congress would never take tax benefits worth billions away from sports owners - plutocrats who in their day jobs as CEOs contribute millions to re-election campaigns and party committees; so, rather than dealing with the problem through the appropriate means, it bullied players and owners into cutting a new deal by claiming the law would be re-written if they didn't.
I can't sign on to that. Process is important, and there are things much more valuable than ensuring juiced-up shortstops can have the book thrown at them if they fail a drug test - things like ensuring Congress doesn't illegitimately intervene in the workings of American businesses. Yesterday might have been a good day for baseball, but it was a bad day for the country at large.
* YANKEES: $379-469 million ($140m in city funds, $15m in city rent rebates on current stadium, $0-90m in Metropolitan Transportation Authority capital expenses, $55m in tax-exempt bond subsidies, $44m in property-tax savings, $22m in sales-tax breaks on construction materials, $103m in forgone city rent revenues)So much for the defeat of that West Side Olympic/Jets stadium when it comes to saving New Yorkers money.
* METS: $435 million ($85m in city funds, $15m in city rent rebates on current stadium, $75m in state funds, $96m in forgone city parking revenues, $55m in tax-exempt bond subsidies, $39m in property-tax savings, $16m in sales-tax breaks on construction materials, $54m in forgone city rent revenues)
* NETS: $399 million ($100m in city funds, $100m in state funds, $50m in tax-exempt bond savings, $21m in property-tax savings, $14m in sales-tax breaks on construction materials, $114m in discounted land price)
June 2001 July 2001 August 2001 September 2001 October 2001 November 2001 December 2001 January 2002 February 2002 March 2002 April 2002 May 2002 June 2002 July 2002 August 2002 September 2002 October 2002 November 2002 December 2002 January 2003 February 2003 March 2003 April 2003 May 2003 June 2003 July 2003 August 2003 September 2003 October 2003 November 2003 December 2003 January 2004 February 2004 March 2004 April 2004 May 2004 June 2004 July 2004 August 2004 September 2004 October 2004 November 2004 December 2004 January 2005 February 2005 March 2005 April 2005 May 2005 June 2005 July 2005 August 2005 September 2005 October 2005 November 2005 December 2005 January 2006 February 2006 March 2006 April 2006 May 2006 June 2006 July 2006 August 2006 September 2006 October 2006 November 2006 December 2006 January 2007 February 2007 March 2007 April 2007 May 2007 June 2007 July 2007 August 2007 September 2007 October 2007 November 2007 December 2007 January 2008 February 2008 March 2008 April 2008 May 2008 June 2008 July 2008 August 2008 September 2008 October 2008 November 2008 December 2008 January 2009 February 2009 March 2009 April 2009 May 2009 June 2009 July 2009 August 2009 September 2009 October 2009 November 2009 December 2009 January 2010 February 2010 March 2010 April 2010 May 2010
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