Olympic medal tax

Olympic Medal Tax Exemption Has Bipartisan Support

(Tom Williams/CQ Roll Call File Photo)

Sen. John Thune is leading a revived effort for an Olympic medal tax exemption.  

"Most countries not only compensate their Olympic and Paralympic athletes, but also welcome them home with celebrations. In the United States, athletes are welcomed home from winning on a world stage with a tax bill," the Republican said in a statement. "Winning an Olympic medal should be a source of great pride for our athletes and the federal government should celebrate their achievement rather than tax their success."