Senate Republicans block attempt to roll back massive tax hike on professional gamblers

Senate blocks bill to restore gambling tax break reduced in Trump bill

Senate Republicans on Thursday objected to quick passage of legislation that would restore full deductibility of wagering losses after Nevada Democrat Catherine Cortez Masto made the unanimous consent request.

Senate Republicans Block Attempt to Roll Back Massive Tax Hike on Professional Gamblers

Senate Republicans on Thursday blocked an attempt to reverse a little-noticed provision from their tax and spending cuts law that professional gamblers warn could be the end of their industry.

Senate Republicans block attempt to roll back massive tax hike on professional gamblers

Senate Republicans are rejecting an attempt to reverse a provision from their new tax law that changes the taxation of gambling winnings. Democratic Sen.

Senate Republicans block attempt to roll back massive tax hike on professional gamblers - The Nevada Independent

Senate Republicans rejected an attempt by Sen. Catherine Cortez Masto (D-NV) to reverse a provision from their new tax law that changes the taxation of gambling winnings.

Support Grows to Repeal Gambling Tax in Trump Budget Bill

The Senate introduced a bill to repeal new gambling taxes in the One Big Beautiful Bill Act, and CNBC’s Jim Cramer called the hikes “brutal.”

Second bill attempts to roll back US gambling loss tax deduction cut

Nevada Democratic Senator Catherine Cortez Masto has introduced legislation to repeal the gambling losses tax deduction cut included in President Donald Trump’s One Big Beautiful Bill Act (OBBBA). The OBBBA, which has been met with criticism from the igaming space, passed by 51 votes to 50 and went on to receive approval from the House of Representatives, with President Trump signing it into law on July 4. As per the Act, bettors are only allowe…