Friday, May 24, 2013
The Associated Press
WASHINGTON — The White House says President Barack Obama supports a measure that would exempt U.S. Olympians from taxes on their prizes.
2.jpg)
White House Press Secretary Jay Carney speaks during his daily news conference, Monday, Aug. 6, 2012, at the White House in Washington. (AP Photo/Haraz N. Ghanbari)
Press secretary Jay Carney said Monday that Obama would do "everything we can to support our athletes," including signing into law legislation introduced by Republican Sen. Marco Rubio of Florida. Rubio wants Americans who win medals to keep all of the prizes the U.S. Olympic Committee awards to winners.
Olympians who earn gold medals receive a $25,000 prize, silver winners get $15,000 and bronze winners pick up $10,000.
Rubio has called taxes on the earnings ridiculous and has introduced legislation that would let the medal winners keep all their prize money.
Rubio is considered a possible running mate for Republican presidential candidate Mitt Romney.
Tweet
Copyright ©2013 MaineToday Media, Inc.
Jobs
Cars
Real Estate
Maine Yellow Pages
Facebook
Twitter
Further Discussion
Here at PressHerald.com we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include: