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Rodney Davis Supports Plan Eliminating Federal Taxes on Olympic Medals

Press Release

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Date:
Location: Champaign, IL

13th Congressional District nominee Rodney Davis is endorsing a proposal from Congressman Aaron Schock and Senator Marco Rubio to exempt U.S. Olympic Team medal winners from paying taxes on the medals they win while representing the United States.

United States Olympians receive honorariums to go along with the medals won. Olympians receive $25,000 for a gold medal, $15,000 for a silver, and $10,000 for a bronze. The federal government collects 35 percent of those winnings in taxes.

"In most cases, these Olympians put hundreds or thousands of hours becoming one of the greatest in the world in their sport," said Davis. It is simply wrong for the federal government to penalize athletes who represent our country on the world stage."

Davis says he supports the Olympic Tax Elimination Act, which would apply to athletes of the 2012 Summer Games in London and future Olympic Games.

"We should thank the people who strive to represent our country, not reach deeper into their pockets," said Davis. "Many of these athletes aren't Michael Phelps and Kobe Bryant, and spend a considerable amount of money without large endorsements to train to be a part of the Olympics."

Rodney Davis, 42, has lived in the 13th District nearly his entire life. He married his high school sweetheart, Shannon. They and their three children live in Taylorville. To learn more about Rodney's campaign to work aggressively in Congress to end overspending, address the nation's skyrocketing debt, and work to improve the economy to provide a better quality of life for the families of Illinois' 13th Congressional District, visit www.electrodney.com.


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