Ways and Means Hearing Shows Continued Bipartisan Interest in Removing Tax Breaks for Sports Teams

By Jamie Wickett, Michael Bell, and Mark Weinstein, of Hogan Lovells Cadwalader On June 30, 2026, the House Ways and Means Committee held a nearly four-hour hearing titled, "The Growing Business of Sports: Reviewing Federal Tax Policy in the Multibillion-Dollar Industry." The hearing featured sharp bipartisan criticism of two key federal tax benefits that flow to the professional sports industry: the use of tax-exempt municipal bonds to finance stadium construction, and the ability of franchise