Cam Ross retweetledi
Thank you Congresswoman Titus. Three things needed:
1. Eliminate the .25% Federal Excise tax on sports wagers.
2. Eliminate the 90% deductibility and go back to what worked.
3. Raise the Slot threshold. $2,000 is better than $1,200 but it needs to be $5,000.
Dina Titus@repdinatitus
On Monday I’m introducing the FAIR BET Act, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, to permanently restore the 100% loss deduction from gambling winnings. I welcome all other members to join this common sense fix.
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