The System (@SaturdaySystem) header
The System (@SaturdaySystem) profile picture
New York, USA
Joined May 2022
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Whether it’s HR 10357 or this, let’s get it done!
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The System retweeted
Does that include the gambling loss tax deduction fix, @RepJasonSmith? 👀🎲
Ways and Means Chair Jason Smith on reconciliation: “I would love reconciliation if they can get the votes. I’ve got a lot of goodies to put in there.” But Smith punted on whether he thinks it should include a debt limit increase.
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You’re the 🐐 Dina let’s get this corrected!!!
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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.
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Imagine if you bet JJ McCarthy ATD today. Oof
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We’ll take the W. 4+💰
Is it the Lamine Yamal show again today? Used some FD boosts on 4, 5, and 6 shots. FD best line on market.
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Is it the Lamine Yamal show again today? Used some FD boosts on 4, 5, and 6 shots. FD best line on market.
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Do you think there’s enough vig here? Or should there be more?
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If anyone needs some action tonight…used a 50% FD boost here. Best lines on the market.
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Replying to @evenstevengg
Insane hold confirmed.
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Replying to @Stakes_Royale
💵 🖨️
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Replying to @PromoCactus
It’s honestly hard to understand how they’re so consistently bad at marketing the league.
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NHL Zero marketing leading up to opening night. Canes banner raising home opener at 5pm EST. McKenna debut on ESPN+. 🎪🎪🎪🎪🎪🎪🎪🎪🎪🎪
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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?
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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.
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❗️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
Rep. Horsford told me tonight that he supports the latest crypto tax legislation, and thinks it’ll get bipartisan sign-off. He was the Dem to convince, but had issues with previous language about the treatment of staking and mining income.
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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.
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I’m in the worst variance stretch of my career by far. And that just happened. 😂😂😂 #ComfortablyNumb
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Replying to @HughJanusO_O
Yes I got a bunch of other RBs on bench too. We’ll see who wants it
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