“Sens. Tom Coburn, Oklahoma Republican, and Angus King, Maine Independent, have started a push to end the not-for-profit status for the National Football League, saying it’s only fair to taxpayers. “This is a directed tax cut that [went] to the league office, which means every other American pays a little bit more every year because we give the NFL league office a tax break and call them a non-profit,” Mr. Coburn said on CNN’s “New Day.” “In fact, they’re not.” Mr. King said on the program the bill only taxes the money that goes to the league office.”
Read more: http://www.washingtontimes.com/news/2014/jan/30/senators-try-sack-nfls-non-profit-status/
Cenk Uygur (http://www.twitter.com/cenkuygur) host of The Young Turks also discusses a proposal by Tea Party Representative Jason Chaffetz (R-UT) to strip the NFL and NHL of their non-profit tax status. Do you think they should lose this status? Tell us what you think in the comment section below.
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. Young person who rebels against authority or societal expectations. (American Heritage Dictionary)
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