Pence-led foundation opposes restoring full gambling-loss tax deductions
Advancing American Freedom, a foundation led by former US vice-president Mike Pence, is opposing efforts to restore full tax deductions for gambling losses. The change described in the report would limit deductions to 90% of losses, while bills in Congress seek to reverse it; a Senate measure was blocked from advancing by Senator Todd Young.
The dispute concerns the tax treatment of gambling losses and could affect bettors and gambling companies.