This story was published originally by ProPublica, a nonprofit newsroom that investigates abuses of power. Sign up for ProPublica’s Big Story newsletter to receive stories like this one in your inbox as soon as they are published. Sen. David Perdue, R-Ga., privately pushed Treasury Secretary Steve Mnuchin to give wealthy sports owners a lucrative tax break last year, according to a previously unreported letter obtained by ProPublica. After the 2017 tax bill championed by President Donald Trump passed, Mnuchin and the Treasury had to write rules on how the legislation would work in practice. Of the hundreds of pages of new regulations the agency developed, Perdue wrote about his concern with one extremely narrow rule: The owners of professional sports teams were being excluded from a valuable tax break being granted to many other businesses that are structured so that the companies don’t pay taxes but the owners do. “I hope you will reconsider,” Perdue wrote in the 2019 letter. Many such letters on regulatory matters are signed by multiple senators, sometimes dozens.
Georgia Senator David Perdue Privately Pushed For A Tax Break For Rich Sports Team Owners
Robert Faturechi, Mother Jones
Sat, 11/21/2020 - 4:00am
Topics: story newsletter sen david treasury secretary steve mnuchin president donald trump the treasury georgia sen kelly atlanta s wnba republicans democrats president-elect joe biden jon ossoff washington reebok nfl nhl orlando magic john ingram nashville sc los angeles kings philip anschutz cleveland browns jimmy haslam georgialink public affairs group john trip martin bakkt jeffrey sprecher intercontinental york stock mary brock the atlanta reversing exxon facebook treasury department perdue s january section 199a october mlb commissioner rob november perdue treasury mnuchin propublica i americans georgia s loeffler nba atlanta wnba dream perdue s jan senate a braves exchange the manfred senator rich privately pushed tax break sports team owners regulation professional businesses lobbying bill campaign donors teams top day taxes wrote executive set questions deduction year contributions company published phone spoke profitable regulations passed prominent lines extremely lobbyists agency hundreds corporate give rules legislation late major pay including experts making discussed valuable answer chief companies business declined granted rule received dollars husband co-owns cut gaming signed
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