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GOP Tax Bill Slashes Write-Offs for Sports Franchise Owners

Trump wants to eliminate ‘all special tax breaks for billionaire sports team owners,’ said White House press secretary Karoline Leavitt.
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GOP Tax Bill Slashes Write-Offs for Sports Franchise Owners
New York Knicks' Cameron Payne (R) shoots over Boston Celtics' Luke Kornet (C) during the first half of Game 3 of an NBA basketball second-round playoff series, in New York on May 10, 2025. Pamela Smith/AP Photo
Jackson Richman
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Sports franchise owners would be limited in how much they can deduct from their taxes under the proposed GOP tax bill.

The House Ways and Means Committee released on May 12 its portion for the reconciliation bill that congressional Republicans look to pass to enact major parts of President Donald Trump’s agenda.

Jackson Richman
Jackson Richman
Author
Jackson Richman is a Washington correspondent for The Epoch Times. In addition to Washington politics, he covers the intersection of politics and sports/sports and culture. He previously was a writer at Mediaite and Washington correspondent at Jewish News Syndicate. His writing has also appeared in The Washington Examiner. He is an alum of George Washington University.
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