If you pay attention, and most American won’t, the evidence that our elected leaders are not serious about being consistent, responsible, or even governing competently is delivered every day in packages large and small. The most recent depressing example was the bi-partisan tag-team of Sen. Marco Rubio and President Obama backing tax-exempt status for medal-winners on the U.S. Olympic team.
Sen. Rubio concocted his Olympic Tax Elimination Act on the theory that “athletes representing our nation overseas in the Olympics shouldn’t have to worry about an extra tax bill waiting for them back at home.” This is spin and nonsense. There is no “extra tax bill,” any more than there is an “extra tax bill” when your boss gives you a bonus for job well done. It’s just a regular, old-fashioned, tax bill for income, that’s all. Medal-winning Olympic athletes get bonus payments from the U.S. Olympic team. Is their income—that’s what it is, just income—-somehow less fair to tax than your income? No, of course not. Rubio’s “representing our nation overseas” justification for special treatment is naked and offensive pandering. How about people who represent our nation here, in the United States? They don’t get to travel to London, all expenses paid, like the pampered athletes—why are they less deserving of a tax break? Or why isn’t Rubio arguing, then, that all federal employees who work abroad shouldn’t be taxed? What is his logic, exactly? Continue reading









