WASHINGTON, D.C. (WVLT) -- Sen. Lamar Alexander (R-TN) doesn't want Olympic champions to have to pay taxes on their medals.
“Our Olympians deserve our praise and accolades, not more tax bills, when they win at the Olympics," said Alexander. "While we work toward broader tax reform over the next few months, we should act now to end the taxes on their honorariums and on the value of the metal in their medals.”
On Thursday, the Tennessee senator signed on as a co-sponsor to Sen. Marco Rubio's (R-FL) Olympic Tax Elimination Act. The bill would exempt Olympic medal winners from having to pay taxes on the honorariums as well as the cash value of the medals they win.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.