While Rep. Jason Smith, R-Mo., told NBC News the provision was a “mistake,” the new law is expected to bring in $1.1 billion ...
Gambling stakeholders and a growing number of politicians oppose a decrease in gambling loss tax deductions. Restoring the level will not come easily.
One bill designed to restore the gambling losses tax deduction to 100% is languishing in committee and has, for all intents and purposes, politically flat-lined. The giant tax and spending bill signed ...
Buried in the nearly 1,000 pages of President Donald Trump’s tax-cuts-and-spending bill was a little-noticed tax write-off change that has since drawn criticism from gambling industry interests and a ...
Rep. Dina Titus, D-NV, tried to attach her legislation that would change the new gambling tax provisions in President Donald Trump’s One Big Beautiful Bill to the National Defense Authorization Act.
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