Nevada Democrat says Trump megabill could push gamblers 'into the black market'
Democratic Rep. Dina Titus (Nev.) said on Wednesday that the GOP megabill backed by President Trump will have an adverse impact on gamblers due to its tax provisions.
The big, beautiful bill text would strike previous deductibles by 10 percent, according to the senate passed version.
The 90 percent deduction cap would require someone who wins $100,000 and loses $100,000 to pay $10,000 in taxes, despite their profit loss.
“It pushes people into the black market if they don't do regulated gaming because they have a tax disadvantage, and the black market doesn't pay taxes, isn't regulated, doesn't help with problem gaming, so it's bad for the industry as well as........
© The Hill
