GOP Senators Face Backlash After Voting for Gambling Loss Tax Rule
In the latest development of the “Dude, What Law Did I Just Pass?” saga, Republicans were surprised to discover a provision within Donald Trump’s budget bill that alters gambling loss deductions. The new rule, implemented at the last minute by Senator Mike Crapo, limits gamblers’ ability to deduct losses, requiring them to pay taxes even when breaking even. Several Republican senators, caught off guard by the provision’s inclusion, expressed a lack of awareness regarding its details. Bipartisan efforts are now underway in both the House and Senate to repeal the rule, with concerns that it may drive bettors towards unregulated gambling.
John Q. Hosedrinker