New York, USA
Joined May 2022
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The System retweeted
Does that include the gambling loss tax deduction fix, @RepJasonSmith? 👀🎲
The System retweeted
We must restore the 100% gambling loss deduction before the end of the year.
@HouseGOP cannot wait any longer to put a fix on the floor.
The System retweeted
Breaking: the big tax bill with a provision to repeal the 90% cap on gambling losses was just overwhelmingly voted through, with bipartisan support, to the House Rules Committee. It’s a technical step before it goes to the House floor for a full vote.
The 90% cap on gambling losses would be repealed retroactive to 1/1/26 as part of the Ways & Means tax bill.
Joint Committee on Taxation estimates a negative impact on revenue of $2 billion from ‘27-36 from this repeal.
The ‘27-34 estimate is $1.5 billion, up 33% from its $1.1 billion estimate during same period.
Wonder if this means estimated tax payments from gamblers were higher than anticipated?
The System retweeted
Finally, after 14 months of uncertainty, my fix to restore the 100% tax deduction for gambling losses has been passed out of committee.
I was the first Member of Congress to recognize this injustice when I introduced my provision to correct it on July 7, 2025. Since then, I have amplified this issue nationally and brought it to the attention of my colleagues, including members of @WaysandMeansGOP.
Now it is time for us to push this commonsense solution to the House floor, to the Senate, and finally to the President’s desk. I won’t stop fighting until we get this over the finish line.
The System retweeted
❗️We're in! @RepHorsford @RepMaxMiller 's FULL HOUSE ACT reverses the unfair tax on phantom gambling income and is now incorporated on page 113 of 114 in HR 10357, which Rep. Horsford thinks will get bipartisan sign-off.
Still a ways to go, but progress! Still applicable back to the start of the year if it passes. All eyes now on Wednesday's markup
The System retweeted
Very pleased to see that my gambling loss tax deduction fix has finally been included in a tax package. I encourage my colleagues to push it through @WaysandMeansGOP this week as quickly as possible.
RT @repdinatitus: This clock is ticking for a permanent solution. Even more reason for Congress to act immediately and restore the 100% tax…
This quoted post is unavailable.
The System retweeted
FIX THIS
@NHLPR @NHL @DK_Assist
Why was this Tage Thompson shot at 4:41 of the 3rd period taken away postgame? Clearly “jams” it off Dobes pads as announcer states. Obvious shot on goal as puck rebounds into the slot. Let’s make this right.
#StatCorrections
The System retweeted
NEW: After two months of near silence in the effort to fix the limitation on gambling loss deductions, we heard from @RepHorsford and @RepMaxMiller who said they “look forward to an finding an appropriate time to address this issue”
@RepJasonSmith also reiterated his commitment to a fix. Frustrating to just hear more words and not see action, but we will just have to continue waiting for them to find the right vehicle for this fix.
This was part of yesterday’s session in the House Ways and Means Committee, where Rep. Horsford (D-NV) alongside Rep. Miller (R-OH) offered the fix as an amendment to a different bill under consideration before withdrawing it. The main action points come after the 4 minute mark of this clip, with Committee Chairman Jason Smith (R-MO) supporting the approach of waiting for a better legislative vehicle for this provision.
TLDR: The wait continues, but this issue hasn’t been completely ignored. This is the first time I’ve heard the House Ways and Means Committee address this issue during committee time
Thank you @RepHorsford and @RepMaxMiller for highlighting that reducing gambling loss deductibility hurts consumers and drives players away from regulated, protected markets. The AGA remains committed to working with Congress and the administration to restore 100% deductibility. 👇 bit.ly/4c4OT3X
The System retweeted
It was a pleasure talking with you, Tom! Let's get this fix done.
podcasts.apple.com/us/podcas…
The question on every gambler's mind right now: Will Congress fix the gambling loss deduction rate?
I sat down with Nevada Congresswoman Dina Titus @repdinatitus to talk about her push to do just that with the FAIR BET Act, what's holding Congress up, when bettors can expect more news, and more!
Tune in now in the links below 👇
The System retweeted
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.
The System retweeted
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).
The System retweeted
.@RepJasonSmith, please include this fix for gamers in tomorrow's @WaysMeansCmte markup. Let's get this done.
🎲 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.
The System retweeted
🎲 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.
The System retweeted
As we approach the end of the year, I want to talk about the urgency of passing my FAIR BET Act. #TitusTalk
The System retweeted
Thank you @RepAndyBarr for co-sponsoring the FAIR BET Act. With bipartisan support, we are one step closer to restoring the 100% tax deduction for gambling losses. It’s the right thing to do.
The System retweeted
Thank you @RepLauraGillen for your support (hoping you’ll cosponsor!) and @RepTomSuozzi who is already a cosponsor of the FAIR BET Act
Find your members in Congress and how to contact them:
This is the first time many of us have done this, it’s quick!
congress.gov/members/find-yo…
The System retweeted
NEW: Thanks to our outreach, I’m hearing additional members of Congress are open to supporting @repdinatitus ‘s common sense and bipartisan FAIR BET Act to ensure no taxes on phantom income!
Please see the quoted post for how to easily find your representatives in Congress and how to contact them! It doesn’t take long and our request to not tax income that doesn’t exist is common sense. We just need to inform our representatives that this issue matters, which will increase the chance this gets resolved one way or another
Please contact your reps in Congress, super easy via this site: congress.gov/members/find-yo…. Ask them to support the FAIR BET Act to ensure no taxes on phantom income!
Please continue to engage with these tweets (like, comment, RT, bookmark) to help the algorithm so more people see
The System retweeted
Please contact your reps in Congress, super easy via this site: congress.gov/members/find-yo…. Ask them to support the FAIR BET Act to ensure no taxes on phantom income!
Please continue to engage with these tweets (like, comment, RT, bookmark) to help the algorithm so more people see
Today I am urging @WaysMeansCmte Chairman @RepJasonSmith to place the FAIR BET Act on the committee calendar. Now is the time to fix the unfair 90% tax deduction for gambling losses that negatively impacts professional and casual players. See my full letter to the Chairman below.
