Friday, September 19, 2014

WHO KNEW ??? This is disgusting.

Every week brings a new scandal that involves domestic violence by an NFL player, along with calls for the commissioner to resign.

Now new senator from Massachusetts, Cory Booker, is introducing a bill to remove the NFL's tax exempt status as a non-profit -- and use the $10 million a year to stop domestic violence.

That sounds like a good plan.   BUT  I  AM  SHOCKED  TO  LEARN  THAT  A  $9  BILLION  A  YEAR  BUSINESS  GETS  TAX  BENEFITS  AS  A  NON-PROFIT.

This should get bi-partisan support.   Sen. Tom Coburn (R-OK) already has a bill which would repeal the tax-exempt status of certain professional sports leagues.  It is currently in the Finance Committee.

Where else are we losing tax money that is completely unjustified?   Yeah, we already know about the government subsidies for corporations that buy private jet airplanes.

This, folks, is what we mean by "corporate welfare." 

Ralph

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