Pre-tourney WC betting preview, picks, & accompanying writeups are live.
https://t.co/dDy1mgWLq7
RTs appreciated, quite a bit of time/research went into this. Enjoy the tournament everyone! 🫡
New: UFC President Dana White has sent a letter to President Donald Trump asking him to help reverse the 90 percent limit on gambling loss deductions for US taxpayers that became law last year.
The issue has been a concern for both bettors and the gambling industry itself.
But Gabriel gets to clatter and block the goalkeeper every set piece and game.
Bullshit. Rigged league. PGMOL title.
Disgusting. Absolutely disgusting league. Fucking bullshit.
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.
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.
I spoke with poker legend @Erik_Seidel about the negative impact of leaving the tax deduction for gambling losses at 90%.
Despite what some of my colleagues like @SenatorLankford believe, inaction will have serious, concrete consequences on the gaming industry and economy across the country including Oklahoma which has over 140 tribal casinos. It will also force gamers to pay taxes on income they never earned which is just unfair.
If we don't get this fixed, many gamers will face a difficult choice of whether they can afford to play or not. #FAIRBETAct
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.
A new tax law could devastate Nevada gaming. Can Congress repeal it in time?
@HowardStutz & I spoke to @RepDinaTitus, @DerekJStevens, @Erik_Seidel & others on why a change that will tax players on "phantom income" hasn't been undone—and when it could be.
https://t.co/fdd3gBGk1i