.@HouseGOP leadership will not allow a vote on my #FAIRBETAct as an amendment to other bills or legislative packages.
That is why I filed a discharge petition to force a floor vote on this bipartisan, commonsense fix. We must get this done.
My FAIR BET Act has been sitting in @WaysMeansCmte for eight months, despite commitments from @HouseGOP to restore the full gambling loss deduction.
I am now filing a discharge petition to bring it to the House floor for a vote.
Both high-stakes and hobby gamblers are struggling, and local economies like #OnlyInDistrictOne that depend on gaming revenue are hurting. We need 218 signatures to bring this commonsense fix to the floor. Call your representatives and tell them to sign on.
https://t.co/bViIA33QVa
Gambling tax loss 90% deduction cap has another chance of being reversed today in the House Rules Committee.
Reps. Miller (R-OH) & Horsford (D-NV), who intro'ed FULL HOUSE Act, filed it as amendment to DoD appropriations bill. They are now joined Malliotakis (R-NY) & Lee (D-NV).
I’m proud to have worked with @RepMaxMiller to introduced our FULL HOUSE Act as an amendment before the Rules Committee tonight. This bipartisan effort would restore the full gambling loss deduction and fix the unfair tax rule threatening Nevada’s gaming and tourism economy. This is a clean, commonsense fix. People shouldn’t be taxed on money they never earned, and Nevada shouldn’t pay the price for bad policy.
Americans should not be taxed on money they didn’t actually earn. I’m proud to lead this bipartisan effort with @RepHorsford to restore the full deduction for gaming losses.
I testified before the House Rules Committee about the urgent need to restore the gambling loss tax deduction to 100%.
I submitted an amendment to this week’s Appropriations bill that would do just that.
It’s time to get this fair, common sense fix over the finish line.
Republicans slipped a last-minute provision into their so-called “Big Beautiful Bill” that would force people to pay taxes on money they never actually earned by limiting the deduction for gambling losses.
That’s unfair — and it’s bad for Nevada.
Our gaming and tourism economy depends on a tax code that reflects real winnings, not phantom income. That’s why I am proud to introduce the bipartisan FULL HOUSE Act to restore the full deduction for wagering losses and fix this costly mistake.
Nevada’s economy runs on fairness, transparency, and trust — and our tax code should too.
I introduced an amendment to this week’s Appropriations minibus to restore the gambling loss tax deduction to 100%.
This fix has bipartisan support including Members from the House Appropriations Committee.
There are now multiple avenues that we can take to get this done. We have no excuse but to pass this fix immediately.
🎲 Since the Senate inserted a provision in the Big, BS Budget Bill to lower the gambling loss deduction to 90%, I have been leading the bipartisan, bicameral effort to correct this unfair tax policy so that gamers do not have to pay taxes on phantom income.
Now I am again urging @RepJasonSmith to finally do what’s right and include a fix in the next @WaysMeansCmte markup that protects many livelihoods #OnlyinDistrictOne.
Exciting news for the #FAIRBETAct and the gaming community. The Chairman of the House Appropriations Committee, @TomColeOK04, has just co-sponsored my legislation to rightfully restore the tax code for gamers.
Nobody should have to pay taxes on phantom income. Let’s get this done.
Earlier this year, the Big, BS Budget Bill changed how gambling losses are taxed by capping the deduction at 90%. That means some gamblers will owe taxes on money they never actually earned when they file starting in 2027.
But we still have time to fix this. As long as we restore the tax deduction on gambling losses to 100% by the end of 2026, this unfair tax hike never takes effect.
I’ll keep fighting next year to get my bipartisan #FAIRBETAct passed.