Reported about 16 hours ago
Gamblers are alarmed by a proposed $1.1 billion tax hike in the GOP's tax bill that could reduce their net winnings and impose taxes even when they break even or incur losses. The bill, part of Trump's extensive tax reform legislation, would limit loss deductions from 100% to 90%, raising concerns among both professional and amateur gamblers. As the bill progresses to the House, representative Dina Titus is among those seeking a solution to this potential blow to the gaming industry.
Source: YAHOO