HB 2231 by Geren: Expanding Corporate Welfare

HB 2231 adds several new events to the list of events that are eligible for funding from the major events reimbursement program. The list includes the Bassmaster Classic and Bass Anglers Sportsman Society, LLC, Federation Equestre Internationale World Cup Final and the Federation Equestre Internationale (FEI), a Federation Internationale de Motocyclisme (FIM) World Supercross Championship race and SX Global, and the Professional Bull Riders World Finals and Professional Bull Riders, LLC. HB 1950 also specifies that the Formula One race that is eligible for funding is the U.S. Grand Prix and that any successor of the Formula One Management Limited may qualify for funding as well. Government should not be in the business of stealing from taxpayers to give corporate welfare in the form of reimbursement for major events. This practice is antithetical to free enterprise and TFR opposes all subsidies and corporate welfare.