Sen. Charles Schumer, D-New York, is pushing for tax exemptions on Olympic athletes’ rewards, prompting his Republican opponent, Wendy Long, to call him out for unfair favoritism and “cronyism,” the New York Post reported.
The proposed bill, introduced by Schumer, passed in the Senate in July but not yet in the House. Athletes can currently be taxed on their cash winnings — $25,000 for gold, $15,000 for silver, and $10,000 for bronze — as well as the medals themselves. Long, however, slammed the proposed bill as placing a “greater burden” on Americans who she says are equally worthy of a tax break.
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