{"id":17828,"date":"2025-05-18T16:49:36","date_gmt":"2025-05-18T16:49:36","guid":{"rendered":"https:\/\/lonecandle.com\/?p=17828"},"modified":"2025-05-18T16:49:37","modified_gmt":"2025-05-18T16:49:37","slug":"stop-subsidizing-the-sport-of-kings","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=17828","title":{"rendered":"Stop Subsidizing the &#8216;Sport of Kings&#8217;"},"content":{"rendered":"\n<p>&#8220;There are&nbsp;<a href=\"https:\/\/www.ntra.com\/congress-takes-significant-stride-towards-tax-relief-for-the-thoroughbred-industry\/#:~:text=The%20provision%20allows%20businesses%20that,which%20were%20previously%20at%2080%25.\" target=\"_blank\" rel=\"noreferrer noopener\">federal tax benefits<\/a>&nbsp;for racehorses (although there&#8217;s a chance they might soon expire) and some states exempt racehorses from their&nbsp;<a href=\"https:\/\/www.tax.ny.gov\/pubs_and_bulls\/tg_bulletins\/st\/racehorses.htm\" target=\"_blank\" rel=\"noreferrer noopener\">sales taxes<\/a>. Other states&nbsp;<a href=\"https:\/\/governor.maryland.gov\/news\/press\/pages\/governor-moore-and-board-of-public-works-approve-agreement-to-transfer-ownership-of-pimlico-race-course-to-the-state-of-mar.aspx\" target=\"_blank\" rel=\"noreferrer noopener\">own the racetracks<\/a>.&#8221;<\/p>\n\n\n\n<p>&#8230;<\/p>\n\n\n\n<p>&#8220;&#8221;The obvious solution here is also the simplest: Just stop,&#8221; Shachtman wrote. &#8220;Let the sport stand on its own and dwindle to whatever size its fan base supports. Instead, state legislatures keep funneling money to it.&#8221;&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/reason.com\/2025\/04\/29\/stop-subsidizing-the-sport-of-kings\">https:\/\/reason.com\/2025\/04\/29\/stop-subsidizing-the-sport-of-kings<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;There are federal tax benefits for racehorses (although there&#8217;s a chance they might soon expire) and some states exempt racehorses from their sales taxes. Other states own the racetracks.&#8221;<\/p>\n<p>&#8230;<\/p>\n<p>&#8220;&#8221;The obvious solution here is also the simplest: Just stop,&#8221; Shachtman wrote. &#8220;Let the sport stand on its own and dwindle to whatever size its fan base supports. Instead, state legislatures keep funneling money to it.&#8221;&#8221;<\/p>\n<p>https:\/\/reason.com\/2025\/04\/29\/stop-subsidizing-the-sport-of-kings\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[1193,2209,279,1597,238,683,141],"class_list":["post-17828","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-government-spending","tag-horses","tag-spending","tag-sports","tag-subsidies","tag-subsidy","tag-taxes"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17828"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17828\/revisions"}],"predecessor-version":[{"id":17829,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17828\/revisions\/17829"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}