se athletes can remain focused on fulfil

se athletes can remain focused on fulfil

18.09.2019 16:22

WASHINGTON -- U.S. Olympic medal winners will soon get a tax break, but not everyone thinks getting rid of the so-called victory tax is a good idea.I promise you, this is bad policy, said Rep. Jim Himes, D-Conn., who cast the lone vote against a bill that would block the IRS from taxing most Olympic winnings.President Barack Obama is expected to sign the measure, which repeals a tax on cash prizes awarded to U.S. medal winners: $25,000 for gold, $15,000 for silver and $10,000 for bronze.The measure sailed through the House and Senate, winning final approval Thursday just as Obama welcomed several hundred members of the U.S. Olympic and Paralympic teams to the White House. The U.S. won 121 medals at the Rio Olympics, including 46 gold medals.A former college rower who once tried out for the U.S. national team, Himes said he has nothing against the Olympics or Olympic athletes. But he called the tax measure a feel-good bill that unnecessarily complicates an already complex tax code.Whats next? he asked. Tax exemptions for Nobel Prize winners? Astronauts? Inner-city teachers? This is no way to make tax policy: I feel good so Ill give you a tax break.Supporters call the bill a matter of fairness.Under current law, athletes who return home with a medal for Team USA must pay a penalty for their success, said Rep. Robert Dold, R-Ill., the bills chief House sponsor. The bipartisan bill ensures that these athletes can remain focused on fulfilling their Olympic and Paralympic dreams without the fear of getting a huge tax bill in the mail, Dold said.Many countries subsidize their Olympic athletes, added Sen. Chuck Schumer, D-N.Y. The least we can do is make sure our athletes dont get hit with a tax bill for winning a medal, he said.The bill was amended in the House to allow taxes on high-profile athletes such as swimmer Michael Phelps who earn more than $1 million a year.Himes applauded the change, but said the bill remains an election-year stunt.Its an unpopular Congress trying to bask in the reflected glory of Olympic heroes. But its still bad policy, he said.While no other lawmaker voted against the bill, several have told him privately I wish Id been with you, Himes said.John Shaban, a Republican who is running against Himes, said the Democrats vote showed he was disconnected from the sentiment of the country and the rest of the Congress.Really is that how bad things are? That we have to tax the Olympic athletes on their medals, Shaban told the Hartford Courant.Himes and other Democrats spend all their time beating up on the one presidential candidate who says how we never win anymore. And if we do win theyre going to tax you, Shaban said.---Follow Matthew Daly: https://twitter.com/MatthewDalyWDC Nike Air Zoom Pegasus 35 Herr . Oaklands loss to Seattle clinched the ALs best record for the Red Sox with one day to spare in the regular season. "I think everybody was kind of watching," catcher David Ross said. "Demp (Ryan Dempster) came out before he went to the bullpen and was just yelling that they lost. Vapormax 2020 Sverige . After a lengthy wait, persistent rain finally forced the postponement of the Nationals game against the Miami Marlins on Saturday night. The teams, and a few thousand fans, waited nearly four hours from the 7:05 scheduled start time before an announcement was made shortly before 11 p. [url=http://www.airvapormaxsverige.com/vapormax-flyknit-3-rea.html]http://www.airvapormaxsverige.com/vapormax-flyknit-3-rea.html


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