Senate Republicans block bid to restore full gambling-loss tax deductions
Senator Todd Young objected to Senator Catherine Cortez Masto’s attempt to advance the FULL HOUSE Act by unanimous consent on 10 July, blocking the bill from proceeding. The proposal would restore deductions for 100% of gambling losses, up to winnings; the article says the tax provision would instead allow deductions of 90%.
The blocked bill leaves the proposed reduction in deductible gambling losses unresolved for US taxpayers and gambling businesses.