Push to Pass FAIR BET Act Before End of Year
Nevada Rep. Dina Titus is urging Republican House leaders to fast-track the FAIR BET Act before Congress adjourns for the year, seeking to reverse a federal tax provision that has reduced the amount of gambling losses players can deduct from their taxable income. Titus, whose congressional district…
Nevada Rep. Dina Titus is urging Republican House leaders to fast-track the FAIR BET Act before Congress adjourns for the year, seeking to reverse a federal tax provision that has reduced the amount of gambling losses players can deduct from their taxable income. Titus, whose congressional district includes the Las Vegas Strip, is asking House Speaker Mike Johnson and Majority Leader Steve Scalise to attach the FAIR BET Act to must-pass legislation during the remaining weeks of the congressional session. The proposal would restore the full federal deduction for gambling losses, reversing a change enacted through last year’s One Big... The post Push to Pass FAIR BET Act Before End of Year appeared first on This Week in Gambling.