The Government has been threatening the NFL and pro leagues with yanking their tax exempt status for years and it never happens.
Cory Booker is just the latest to try.
Booker’s bill, which was introduced on Tuesday, seeks to fund domestic violence prevention programs to the tune of $100 million by closing the tax loophole for professional sports leagues.
“This legislation will help ensure that victims of domestic violence have the resources they need to break away from abusers and begin rebuilding their lives,” Sen. Booker said in a statement.
Booker isn’t only taking aim at the NFL. He’s also looking to strip the tax-exempt status of the NHL, the Professional Golf Association and U.S. Tennis Association.
“Stopping domestic violence is a national priority that requires long-term, meaningful investment.” Booker said. “This commonsense update to our tax laws would save more than $100 million over 10 years – money that can instead be used to pay for vital support programs that have seen their funding slashed in recent years due to sequestration and gridlock.”
Sounds good in principle, but likely will never happen.