Another day, another dollar lost — well, another 90 cents lost, as yet another attempt to restore the gambling-loss deduction back to 100% didn’t get over the goal line.
This time, an effort to tack on the change via an amendment to H.R.7148, an appropriations bill, failed.
It was led by Rep. Dina Titus (D-NV), who testified before the Rules Committee Wednesday, noting that 25 other legislators on both sides of the aisle were co-sponsoring the notion.
“It’s a fairness issue,” she said. “You shouldn’t tax people on money that they don’t earn. It’s ghost money, it’s not fair, and we can fix it. I urge you all to please make this amendment in order and let’s go back to the way things were and should be.”
