President Donald Trump said Tuesday he would consider eliminating federal taxes on gambling winnings, a move that would expand his administration’s push to reduce taxes on everyday income, including tips and overtime.
When asked during an Air Force One gaggle if he would potentially nix the tax on gambling earnings, Trump said he’d keep the option open.
“We have no tax on tips, we have no tax on Social Security, and we have no tax on overtime,” he said. “No tax on gambling winnings, I don’t know. I’m gonna have to think about that.”
The One Big Beautiful Bill Act (OBBBA) signed into law over the summer by Trump included “no tax on tips” and “no tax on overtime” provisions, allowing individuals to claim new reductions.
