Barack Obama targets tax break for college football tickets
President Barack Obamaâs 2016 budget calls for ending a long-standing and sometimes mocked tax break for buying college football tickets. Under a 1988 law thatâs still on the books, taxpayers are allowed to take a deduction for the charitable contributions colleges sometimes require as a prerequisite for buying pricey season football tickets. Story Continued Below The IRS once tried to end the break, though it was overridden by Congress, amid lobbying by universities. The administration estimates its plan would raise $2.5 billion.