Buried within the BS Republican Budget bill is a provision that harms poker players and those who gamble by limiting loss deductions. I’m working on a legislative fix that fairly treats gaming losses in the tax code.

Hey Senator Mike Crapo just so you are aware, the professional sports bettors and poker players who currently pay gambling taxes operate on very slim margins. By only allowing professional to deduct 90% of losing wagers these gamblers are now going to be unprofitable and will not be

On Monday I’m introducing the FAIR BET Act, the Fair Accounting for Income Realized from Betting Earnings Taxation Act, to permanently restore the 100% loss deduction from gambling winnings. I welcome all other members to join this common sense fix.

The FAIR BET Act is gaining more bipartisan support! Thank you Rep. Steven Horsford, Congressman Jeff Van Drew, and Rep. Mark Amodei for co-sponsoring. Now it’s time to eliminate this unfair tax on phantom income.