Letter: GOP Tax Bill Gives Nation the Opposite of Greatness
UNITED STATES, JUL 9 – The new law reduces gambling loss deductions to 90%, projected to raise $1.1 billion over eight years, drawing bipartisan efforts to repeal the provision affecting professional bettors.
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10 Articles
Congress’ passage of tax cuts bill marked shameful day for GOP
HeraldNet.com HeraldNet.com - Everett and Snohomish County news from The Daily Herald in Everett, Washington This July 3 was one of the most shameful days in American history. Congress’ passage of tax cuts bill marked shameful day for GOP Wire Service
Letter: GOP tax bill gives nation the opposite of greatness
Let’s take a quick look under the hood of the $4.5 trillion tax bill constructed and passed by the Republican-led Senate and House, shall we? A nearly $1 trillion reduction in Medicaid funding, causing close to 8 million people to lose benefits under this program. An estimated $186 billion reduction in food assistance programs over the next 10 years. Close to 12 million people at risk of losing access to health insurance over the next decade. A …
'Phantom money': Gamblers could be hit hard by 'obscure' piece of GOP tax bill
An obscure provision tucked into the Republican megabill could wipe out professional gamblers and drive many bettors back into illegal operations.Lawmakers, professional poker players and sports bettors alike are demanding a change to the GOP tax and spending bill signed into law last week by president Donald Trump, which lowers the deduction on gambling losses from 100 percent to 90 percent – and thus requiring them to pay taxes on so-called "p…
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