NFL Targeted by Trump With Tax Threat on Wealthy Team Owners

President Donald Trump threatened to cut special tax breaks for sports team owners, potentially reigniting a long-running battle against the NFL and some of America’s wealthiest families.

White House Press Secretary Karoline Leavitt said Thursday that Trump wants to end what she described as “special tax breaks for billionaire sports team owners,” along with a range of other priorities, including ending the carried interest tax break used by private equity fund managers.

Those owning sports teams have long benefited from tax breaks. Since the American Jobs Creation Act of 2004, owners have been able to write off a ...