Saturday, November 18, 2017
 
 
News: Page (1) of 1 - 08/06/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
Obama backs bill to exempt taxes on Olympians
White House says Obama would sign into law measure that exempts Olympians from taxes
By The Associated Press

WASHINGTON (AP) The White House says President Barack Obama supports a measure that would exempt U.S. Olympians from taxes on their prizes.

Press secretary Jay Carney said Monday that Obama would do "everything we can to support our athletes," including signing into law legislation introduced by Republican Sen. Marco Rubio of Florida. Rubio wants Americans who win medals to keep all of the prizes the U.S. Olympic Committee awards to winners.

Olympians who earn gold medals receive a $25,000 price, silver winners get $15,000 and bronze winners pick up $10,000.



Rubio has called taxes on the earnings ridiculous and has introduced legislation that would let the medal winners keep all their prize money.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines