Obama Calls Foul on Donor Tax Break for College Sports Tickets

College sports fans who donate money to their favorite schools and get priority seating at big games in exchange could lose a tax break under a federal budget plan proposed on Monday.

President Barack Obama's plan would close a loophole that lets donors deduct four-fifths of the value of a gift made to a school, even if priority seating rights they get in exchange are worth more than one-fifth of the gift's value.

Obama's plan is not likely to become law soon. Republicans, who now control both the House of Representatives and the Senate, were sharply critical of the plan within hours of its unveiling. But the budget, and its proposals, draw a lot of attention each year.

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