Source: United States House of Representatives – Representative Mike Kelly (R-PA)
WASHINGTON, D.C. — On Friday, U.S. Representative Mike Kelly (R-PA),Chairman of the Ways & Means Subcommittee on Tax, Rep. Michelle Fischbach (R-MN), and other lawmakers introduced the Tax Exemption for American Medalists (TEAM USA) Act, legislation designed to ensure that when our athletes dominate the global stage, the IRS does not get to treat their excellence as a taxable offense.
The TEAM USA Act eliminates the “Victory Tax” for all American medalists, ensuring that the rewards of gold, silver, and bronze remain exactly what they are: symbols of national glory.
“America’s Olympians exemplify the spirit and greatness of our Nation. When our Olympians bring home the gold, they shouldn’t be punished with a burdensome tax bill, as well. The TEAM USA Act rewards the hard work, success, and the American Dream,” said Rep. Kelly.
“America is a nation built on the pursuit of greatness, and our Olympians and Paralympians are the ultimate proof of that spirit,” said Congresswoman Fischbach. “When our athletes win, the whole country wins with them. We should be doing everything in our power to celebrate these victories. We are proud of these Americans, we are proud to be American, and we should never get tired of seeing our flag at the top of the mast.”
The legislation is also co-led by Representatives Pete Stauber (R-MN), Claudia Tenney (R-NY), Tony Wied (R-WI), and Jeff Hurd (R-CO).
The TEAM USA Act is retroactive to January 1, 2026. You can learn more about the legislation here.
Previously, Rep. Kelly released this video message wishing good luck to Butler County native Ava McNaughton, a goalie on the U.S. Women’s Hockey Team, and all of Team USA.