Washington, D.C.: May 16, 2022 – Today, the commissioners of the four major U.S. sports leagues, NFL, MLB, NHL, and NBA, sent a joint letter to Congressional leaders asking them to help families with youth activity costs by passing the Personal Health Investment Today (PHIT) Act. PHIT would lower the cost of family activity by 25-37% by allowing consumers to use pre-tax funds to pay for them.
COVID shut down youth sports, and kids’ mental health has suffered. Sports are returning, but families are now faced with high inflation – creating financial challenges. Youth sports are not free and PHIT will lower the cost barrier to healthy kids’ activities. The NFL, MLB, NHL, and NBA recognize the importance of youth sports to a child’s physical & mental health and want Congress to pass PHIT to help families keep kids on fields, courts, and rinks to improve children’s health.
For more information, please contact Bill Sells, SVP Government Relations & Public Affairs, at [email protected].