Fiscally-minded senators and the K Street reps of some of the country's most popular professional sporting leagues may be lacing up the cleats for a battle over the tax-exempt status of these groups.
Bloomberg News is reporting that budget hawk Sen. Tom Coburn, R-Okla., is leading a push to challenge the 501(c)6 status of groups like the National Football League, the National Hockey League and the Professional Golfers Association -- citing the need to close loopholes in the tax code and the $109 million that taxing these groups would add to the federal budget over ten years. However ...Continue reading
Stanley Cup runneth over with political cash: NHL owners scored big for GOP
According to data from Sunlight's Influence Explorer, National Hockey League owners provided more than $3 million to politicians, PACs and independent expenditure groups during the 2012 election cycle.Continue reading