WASHINGTON -- U.S. Olympic athletes would be exempt from a so-called victory tax under legislation approved by Congress and sent to the president.The Senate gave final legislative approval Thursday to a bill that would block the IRS from taxing most medals or other prizes awarded to U.S. Olympians.The U.S. Olympic Committee awards cash prizes to medal winners: $25,000 for gold, $15,000 for silver and $10,000 for bronze. Thats in addition to the cash value of the medals themselves -- about $600 for gold, $300 for silver. Bronze medals have little monetary value.Because the money is considered earned income, it is taxed -- a practice some lawmakers refer to the victory tax.The bill would allow Olympic taxes on high-profile athletes such as swimmer Michael Phelps or NBA star Carmelo Anthony who earn more than $1 million a year.For Phelps, the tax bill for his five golds and one silver won in Rio could be steep -- as much as $55,000. Gymnast Simone Biles faces a possible $43,000 tax bill for her haul of four golds and one bronze.The Senate vote came as President Barack Obama and first lady Michelle Obama hosted several hundred members of the 2016 U.S. Olympic and Paralympic teams to the White House. The U.S. won 121 medals at the Rio Olympics, including 46 gold medals.The president applauded American women for their performance in the summer games, where they won 61 medals, the most ever.2016 belonged to Americas women Olympians, he said, singling out Biles, swimmer Katie Ledecky and track star Allyson Felix. Obama also hailed Phelps, the most-decorated Olympian of all time with a total of 28 medals.Sen. Chuck Schumer, D-N.Y., said many countries subsidize their Olympic athletes. The least we can do is make sure our athletes dont get hit with a tax bill for winning a medal, he said.---Follow Matthew Daly: https://twitter.com/MatthewDalyWDC Browns Jerseys Hoodies . 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Cameron Crockett has ridden a countless number of horses in his life but none quite compare to his stable star Barbass.But the young trainer wants Barbass to make the transition from talented two-year-old to proven three-year-old in his first-up run against his own age group in a benchmark handicap over 1400m at Rosehill on Saturday.Crockett is the son of famed horse trainer Max and has ridden many of his better horses over the years.At his best hes probably the best horse Ive ever ridden, Crockett told AAP.Ive never ridden any champions but Ive ridden plenty of good horses for Dad.He just gives you a feel thats different to any other horse.While he doesnt doubt Barbasss ability, Crockett is wary of horses which performed well in their juvenile season holding their form as three-year-olds.Hes still a horse thats got to prove that what he did the first time wasnt a fluke, Crockett said.The horse was the Mudgee trainers first Group One runner when he finished near the tail of the field in the J J Atkins at Doomben on June 11.While the elite level might have come too soon, the most compelling form reference from Barbasss two-year-old preparation was a runner-up finish behind Skylight Glow in a racee where Acatour was third.ddddddddddddBoth of those horses acquitted themselves well in Group company during the spring carnival.Two barrier trials over 1000m on November 6 and 18 showed Crockett that the sharpness which helped Barbass to win the $100,000 Inglis 2YO Classic (1100m) at Scone in May was no longer there.Hes given me every indication hes starting to need further now, Crockett said.After returning to the stable in August, bad weather in NSWs central west held up the horses preparation.He hasnt had an ideal prep but were getting back on top of things now hes had the couple of trials, Crockett said.Hes pretty fit. Id be disappointed if he wasnt running a good race on the weekend.Crockett said veteran trainer Les Bridge told him the difference between a good horse and a great horse was in improvement shown after a spell.Winx takes it to the next level every time she comes back in. Thats what separates her, Crockett said.With that in mind Crockett is hoping the best horse he has ever ridden will not fall the way of two-year-olds who fail to step up at three. China NFL Jerseys Stitched Jerseys Jerseys From China Cheap Jerseys China Jerseys NFL China Jerseys NFL Cheap Cheap NFL Jerseys Authentic ' ' '