House Republicans block Dina Titus amendment to restore gambling loss deductions
House Republican leaders blocked Nevada Representative Dina Titus’s amendment to restore the full federal deduction for gambling losses, according to the report. The measure would reverse a 90% cap introduced in last year’s legislation; Titus said she had submitted another amendment, while supporters are also looking to the Senate.
The cap affects the federal tax treatment of gambling losses and remains subject to further legislative action.