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Friday
Jan122018

“This new tax bill will really hurt golf.”

Golf course operator and former PGA of America President Ted Bishop opines for MorningRead.com on the Tax Cuts and Jobs Act's elimination of a the 50-percent tax deduction for business expenses.

Bishop says the golf industry changed for the worse when that deduction went from 100% to 50% and sees the problems continuing with the move to zero percent. He says this to President Donald Trump, who signed the bill into law:

Regardless of golfers’ political-party affiliation, the fact that a president who owns and operates golf clubs signed the legislation into law Dec. 22 was no Christmas gift for a struggling industry and is rich only in irony

Bishop isn't the only one seeing problems. There is this from Linda Rogers (R), Indiana State Senate candidate, a former president of the National Golf Course Owners Association.

“When the business write-offs for golf were cut to 50 percent in the 1990s, that was the start of the decline of the golf business, in my opinion,” she said. “This new tax bill will really hurt golf.”

We Are Golf head Steve Mona was unavailable for comment but there was this from Jay Karen, the chief executive officer of the National Golf Course Owners Association:

“No one has measured the scope of business golf spending, nor the behavioral changes that might occur with the removal of the deductibility,” Karen said. “Despite the chance for a negative impact, my hope is the effect will be marginal, at best.”

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