Two congressmen from opposite sides of the aisle on Monday introduced yet more legislation to undo a provision in President Donald Trump’s One Big Beautiful Bill Act (OBBBA) that would potentially require gamblers to pay taxes even if they lost more money than they won.
Rep. Steven Horsford, a Nevada Democrat, and Rep. Max Miller, an Ohio Republican, pre-filed HR 6985, a clone of the Senate’s FULL HOUSE Act. The bill would restore a decades-old rule allowing gamblers to deduct 100% of their losses against their winnings when filing taxes.
A last-minute addition to Republicans’ sweeping tax package, the OBBBA cut that deduction to 90%.
