House GOP vows to reverse gambling tax deduction passed in Trump's "big, beautiful bill"
The House Ways and Means Committee held a field hearing in Las Vegas, Nevada on Friday to discuss a change in the gambling tax deduction that was passed in President Donald Trump's "big, beautiful bill."The new tax law decreases the deduction for gambling losses from 100% to 90%.
In his opening remarks at the hearing, House Ways and Means Committee Chairman Jason Smith (R-MO) committed to reversing the gambling tax change by working with Republicans and Democrats in the House.
Congresswoman Dina Titus (D-NV) joined LiveNOW's Mike Pache to discuss the FAIR BET Act and the field hearing the House Ways and Means Committee held in Las Vegas over changes in the gambling tax deduction.
Rep. Titus (D-NV) introduced the FAIR Bet Act, which would repeal the provision. It doesn’t have a committee hearing date yet.
The field hearing was held at YESCO, a company that makes custom electric signs and neon gaming displays.
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