As politicians from both sides of the aisle continue to try (and fail) to pass legislation — or shoehorn in an amendment — to restore the 100% gambling loss deduction, a pair of academics have decided to take a different tack.
In short: They believe the reduction to 90%, courtesy of President Donald Trump’s One Big Beautiful Bill, doesn’t go far enough. In fact, they believe the deduction should be killed completely.
Mirit Eyal-Cohen, the Joseph D. Peeler Professor of Law at the University of Alabama School of Law, and Jay A. Soled, a distinguished professor of taxation at Rutgers Business School, titled their paper Eliminate the Gambling Loss Tax Deduction, which leaves little room for doubt as to their opinion.
