Vec
305 posts


@repdinatitus Happy Holidays Dina! Please continue the good fight for the 100% tax deduction
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@JeffreyBenson12 Does this mean you're gonna book nascar seriously in 2026?
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The Rules Committee blocked the FAIR BET act from the NDAA. The fix now rests with @WaysandMeansGOP and @RepJasonSmith. Please schedule a markup of H.R. 4304 to restore the full 100% gambling-loss deduction. Break-even bettors shouldn’t owe tax on phantom income. @AmericanGaming @repdinatitus
Dina Titus@repdinatitus
Unfortunately, the GOP-controlled Rules Committee did not accept the FAIR BET Act as an amendment to the NDAA. This was an easy fix that should have been adopted. Nonetheless, I will continue to build support to restore the 100% gambling loss deduction.
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The failure of the Senate’s unanimous consent measure is not surprising. The Senate got us into this mess and it’s now time for both chambers to unite behind my bipartisan FAIR BET Act to ensure that average and high-stakes gamblers do not pay taxes on money they never won.
If we do not do this, more gamblers will move to unregulated and untaxed offshore markets; more gamblers will not report winnings; and revenue and jobs will be lost, not just in Las Vegas, but across the nation.
We will all be losers if the FAIR BET Act is not passed by Congress and signed by the President.
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