Senate Republicans block attempt to roll back massive tax hike on professional gamblers
Source: AP
Updated 3:23 PM EDT, July 10, 2025
WASHINGTON (AP) — Senate Republicans on Thursday blocked an attempt to reverse a little-noticed provision from their tax and spending cuts law that professional gamblers warn could be the end of their industry. Democratic Sen. Catherine Cortez Masto of Nevada sought unanimous passage of a bill that would roll back the change on gambling tax deductions, but Republican Sen. Todd Young of Indiana objected, stalling the proposal for now.
The emerging fight over the gambling provision is likely only the beginning of the fallout from the new tax law and its impact on the country. Spanning more than 900 pages, the bill signed into law by President Donald Trump last week contained a slew of provisions changing federal programs and the tax code, many of which lawmakers admit they are only now beginning to fully digest.
“My understanding is many Republicans, many Democrats did not even know it was part of that process,” Cortez Masto said of the gambling provision.
Under the new tax law, starting in 2026, individuals can only deduct 90% of their gambling losses up to the amount of their winnings. That’s a change from the previous rule, which allowed gamblers to deduct 100% of their losses, up to the amount they won.
Read more: https://apnews.com/article/gambling-tax-trump-bill-republicans-6de8c89b9c1c775a38ea819facbcc0e8
The "block" was related to her attempt to pass this by "unanimous consent". So since someone was there to "object", that basically means they have to go through "regular order" (debate and vote, whenever that gets scheduled), in order to pass it.
= new reply since forum marked as read
