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I just read this article and was very surprised to learn that the National Football League is tax-exempt. They have non-profit status. In times like these, that seems ludicrous! Did any of you guys know this?
Booker Pushes to Revoke NFL Nonprofit Status
On the heels of domestic battery scandals that have rocked the NFL, the organization may take a beating financially if New Jersey Sen. Cory Booker is successful in passing legislation to strip the league of its tax-exempt status and steer money toward domestic violence prevention programs, Politico reports.
"Stopping domestic violence is a national priority that requires long-term, meaningful investment," said Booker, a Democrat. "This common-sense update to our tax laws would save more than $100 million over 10 years — money that can instead be used to pay for vital support programs that have seen their funding slashed in recent years due to sequestration and gridlock."
Booker Pushes to Revoke NFL Nonprofit Status
On the heels of domestic battery scandals that have rocked the NFL, the organization may take a beating financially if New Jersey Sen. Cory Booker is successful in passing legislation to strip the league of its tax-exempt status and steer money toward domestic violence prevention programs, Politico reports.
"Stopping domestic violence is a national priority that requires long-term, meaningful investment," said Booker, a Democrat. "This common-sense update to our tax laws would save more than $100 million over 10 years — money that can instead be used to pay for vital support programs that have seen their funding slashed in recent years due to sequestration and gridlock."
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