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Monday
Jan082018

With Their Congressional Intervention, Jack And DLIII Solidify Places In Ponte Vedra Beach Hall Of Fame

Jack Nicklaus and Davis Love can drive as fast as they want in greater Jacksonville, can expect a ticker tape parade up PGA Tour Boulevard and permanent hugs from Commissioner Jay Monahan. That's because the Commish revealed to writers at Kapalua that the Jack and Davis were key players in squashing the Senate's recent tax bill efforts to rescind non-profit status for the PGA Tour.

After a funny bit about Monahan getting Nicklaus on his cell phone, there was this from Brian Wacker's Golf World account:

A week after having hip surgery in late November, Davis Love III went to Washington, D.C. as well, meeting with members of the Senate Finance Committee to lobby on the tour’s behalf.

“I said, ‘What can I do other than writing letters?’ I know so many senators and congressmen, I said I’d love to go up there and pitch our case,” said Love, who counts former senator Sam Nunn among his neighbors in Sea Island, Ga., and helps host the RSM Classic at Sea Island. “It was just helpful to get in some offices. [They] were extremely helpful and supportive and could see the impact that it has.”

Still not known, at least publicly, is the identity of the Republican Senator who initially inserted the language into the bill, and which legislator had the exemption salvaged. Something tells me that said lawmaker will get multiple invites to and lots of shoulder pats on April 25th's National Golf Day.

Either way, the tax structure was a part of the PGA Tour's charitable efforts in 2017, announced by Monahan during Sunday's Sentry TOC telecast.

 

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Reader Comments (18)

The real winner is charity...
01.8.2018 | Unregistered Commentermunihack
Wonder what the program ratio is for the Tour? Sure, they donated $180 million last year, but after how many plane rides and all-expenses paid outings?
The tax-exemption was never in danger. This was simply to give the appearance that Congress was going to close loopholes, which it didn't. Joe and Susie Taxpayer will continue to subsidize stadiums and leagues for billionaire owners.

While the Tour's fundraising is of course commendable, this is yet another example of "picking winners." This simply pushes the tax burden onto others, perpetuating our debt-financed government.
01.8.2018 | Unregistered CommenterSoro B
Too bad Jack and Davis don't know the president of Puerto Rico
01.8.2018 | Unregistered CommenterTwo black labs
I'm neither opposed or really support the PGA Tour charities but I think there is room for improvement. The linked article is a little dated but I doubt much has changed.

http://www.espn.com/espn/otl/story/_/id/10089803/pga-tour-tax-breaks-help-fuel-giving-which-falls-industry-standards
01.8.2018 | Unregistered CommenterHBL
It's also wrong to suggest that this was an "either-or" proposition. The Tour could still do charitable work if it were taxed.

Nicklaus likes Trump because they both adhere to the Masters of the Universe ethos. "The government is punishing me for my hard work and success.... Wait, there are tax abatements and other goodies being handed out for my new golf development? Where do I sign up?!? Sunnytown Elementary will figure out how to get by with lower tax base. (Public school is for losers...)"
01.8.2018 | Unregistered CommenterSoro B
Well said, two black labs. What's the current tax status of the NFL, NHL, NBA, MLB ? From what I can tell, the league offices used to be tax-exempt, but then they changed their status to for-profit, in part so that executive compensation didn't have to be disclosed.
01.8.2018 | Unregistered Commenter3foot1
The tax exempt status is way more important to the Fed EX Cup and pension payouts..... not charity! The money that would have gone to the government, now goes to the players.... case closed.
01.8.2018 | Unregistered CommenterNE golfer
The neocon answer to a $21 trillion debt.
01.8.2018 | Unregistered CommenterDoctor
Do you have any Instagram for this?
01.8.2018 | Unregistered CommenterMichael Moore
Davis Love III (2016), on protests against minorities being murdered by police officers:

“There’s a time for us to protest, and it really isn’t during the national anthem. We ought to take a break during the prayer or during the national anthem to thank our country, to thank our forefathers who went before us. And then we can protest with our votes, with our letters to our congressmen or however we want."

Davis Love III (2017), on his gigantic tax loophole being at risk:

“I said, ‘What can I do other than writing letters?’"

Davis Love is the walking caricature of a PGA Tour professional. It's not a pretty one.
01.8.2018 | Unregistered CommenterJohn
they give so much to charity.. yet charge their volunteers hundreds of dollars for specific clothing to wear while they 'volunteer'
01.9.2018 | Unregistered CommenterGIR
They don't have any difficulty finding volunteers willing to pay for the uniform so why should they change?

Should they give away the uniform and then chase down the volunteers that don't show up (i.e., who just signed-up
for the free clothing with no intention of volunteering)?
01.9.2018 | Unregistered CommenterCarl Peterson
Don't the players have to pay taxes on their winnings? Why is it Davis's tax loophole? Why is it his? Doesn't make sense.
01.9.2018 | Unregistered CommenterRoute 66
Excellent post John. I think the depth of what it points out about his character and what type of person he is, is lost on many.
01.9.2018 | Unregistered CommenterPress Agent
"Taxes are for the little people."
-Leona Helmsley
01.9.2018 | Unregistered CommenterKLG
Press agent,

Absolutely. A truly smug, arrogant asshole without a scintilla of class.
01.10.2018 | Unregistered CommenterJohn
Nonprofits now will pay a 21% excise tax on top 5 employees with compensation over $1.0 million. This will impact PGA Tour.
01.11.2018 | Unregistered CommenterPABoy

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