Dana White urged President Donald Trump to help overturn the new gambling deductions law, which the UFC president and CEO says is hurting the gaming industry.
White sent a letter to Trump, dated May 11 and obtained by gambling insider Dustin Gouker, outlining concerns over a provision limiting gamblers to deducting only 90% of losses against winnings.
Previously, bettors could deduct gambling losses up to 100% of their winnings, but excess losses could not reduce other taxable income. Under the new law, even if gambling winnings and losses are the same, bettors can only deduct 90%.
“I believe Congress should fix this issue as the policy is already creating problems,” White wrote in the letter.
