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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.

Summary by Readingeagle
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 …

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horseracingnation.com broke the news in on Tuesday, July 8, 2025.
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