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Democrats put forward bill to strip the New LIV/PGA of Tax Exempt Status

JRHawk2003

HR King
Jul 9, 2003
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“PGA Tour Commissioner Jay Monahan should be ashamed of the blatant hypocrisy and about-face he and the rest of PGA’s leadership demonstrated by allowing the sovereign wealth fund of a foreign government with an unconscionable human rights record to take over an iconic American sports league and avoid paying a penny in federal corporate income tax,” Garamendi said in his statement. “This merger flies in the face of the PGA players who turned down hundred-million-dollar paydays from the Saudi-backed LIV to align themselves with the right side of history and human decency.”

“The notion that the Saudi Sovereign Wealth Fund would pay zero dollars in taxes on their blood money and potentially billions of dollars in profits while countless American families pay their fair share while struggling to make ends meet is ludicrous,” Garamendi concluded. “My commonsense legislation would right this wrong and bring some much-needed accountability to this matter.”
 
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