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Lawmakers Move to Undo Gambling Deduction Cap After Trump Signs One Big Beautiful Bill
On Monday, July 7, Representatives Dina Titus (D-NV) and Ro Khanna (D-CA) introduced the FAIR Bet Act, a new bill aimed at reversing the controversial tax change that limits gamblers to deducting only 90% of their losses from next year. The legislation is a direct response to a provision buried in the Senate’s version of President Donald Trump’s “One Big Beautiful Bill” (OBBB), signed into law on July 4. Titus announced the measure on X (formerl…
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
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