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Wyden Introduces Bills Revoking PGA Tour's Tax Exemption, Saudi Public Investment Fund's Special Tax Break

Press Release

By: Ron Wyden
By: Ron Wyden
Date: July 26, 2023
Location: Washington, D.C.
Issues: Taxes Arts, Entertainment, and History

"Most of America's big pro sports leagues gave up their tax exemptions voluntarily when their revenues climbed into the stratosphere, and they hadn't even shamed themselves with Saudi blood money. An organization that betrays its own word and agrees to become a profit generator for Saudi Arabia's brutal regime has disqualified itself for a tax exemption. Many of the biggest sovereign wealth funds out there belong to countries that do not have our interests at heart, and there's no good reason for hardworking American taxpayers to have to subsidize their huge profits."


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