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Wednesday, October 25, 2006

George Will on NCAA's Tax-Exempt Status

George Will has an interesting column on the letter sent by Ways & Means Committee Chair Bill Thomas questioning the NCAA's tax-exempt staus:  Tax Breaks for Football:

Twelve days before the Orange Bowl brawl, Republican Rep. Bill Thomas wrote, as chairman of the tax-writing Ways and Means Committee, an eight-page letter to the president of the National Collegiate Athletic Association, asking awkward questions. Thomas wonders how, or whether, big-time college sports programs, which generate billions of tax-exempt dollars -- CBS pays the NCAA an annual average of $545 million, mainly for the rights to televise the March Madness basketball tournament -- further the purposes for which educational institutions are granted tax-exempt status.

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