Representative Dina Titus, a Nevada Democrat, has introduced legislation that would restore the 100 percent deduction for gambling losses that Senate Republicans reduced to 90 percent late in the passing of the One Big Beautiful Bill Act (OBBB).
Titus spoke with Newsweek about her Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR BET) Act, which she says so far has garnered “10 times the response” from constituents in her state and beyond compared to other aspects of the OBBB.
Republican Representatives including Troy Nehls of Texas and Jeff Van Drew of New Jersey, also support Titus’ bill.
Why It Matters
The roughly 900-page bill passed by Congress included a provision inserted by Senate Republicans without consent…