Olympians shouldn’t get tax break before vets
Sen. Charles Schumer has been awarded the gold medal — for pandering.
Schumer’s Republican opponent, Wendy Long, blasted the Democratic incumbent for proposing to exempt U.S. Olympic medal winners from taxes on their medals and cash bonuses.
She said it’s yet another example of “cronyism” in the tax code.
“It makes no sense. My contention is that giving tax breaks as he does to his favored ones — the Broadway stars, the Olympic medalists, the hedge funders — means that a greater burden is placed on the average New Yorkers who toil in obscurity but work just as hard and are as deserving of a tax break,” Long said. – READ MORE