There’s already a campaign to reverse one of the One Big Beautiful Bill Act’s tax hikes, just days after it became law.
Rep. Dina Titus (D-Nev.) introduced a bill Monday to restore bigger tax deductions for gamblers. The legislation is gathering backers and already has bipartisan support.
The effort is focused on a change Senate Republicans made to the reconciliation bill, which drew backlash when the legislation was nearing the finish line.
Beginning in 2026, gamblers can only deduct 90% of the money they’ve lost on bets from their total winnings for the year. Players are currently allowed to subtract 100% of losses from their gains before paying taxes.
The change is expected to bring in about $1.1 billion more in revenue compared to continuing the current policy, according to Joint Committee on Taxation estimates.
Titus said in a statement that the new limit “will only push people to not report their winnings and to use unregulated platforms.”
Reps. Ro Khanna (D-Calif.) and Troy Nehls (R-Texas) also joined as cosponsors, according to Titus. Nehls voted for his party’s reconciliation bill that included this change just five days ago.
Nevada pounces. Rep. Steven Horsford, a fellow Nevada Democrat, is also expected to join Titus’ bill.
The new deduction cap presents an opportunity for Nevada Democrats to push back on the GOP’s tax agenda, given the major gambling industry back home.
Democrats have several competitive seats to defend in Nevada, and they’re already countering President Donald Trump’s hallmark campaign promise, “no tax on tips.” The pitch sold well in Nevada, which has a big population of tipped workers in the hospitality industry.
On that front, Nevada Democrats have been working to remain vocal backers of “no tax on tips” while promoting alternatives they argue are better than Republicans’ version. The reconciliation bill includes $32 billion in tax cuts on tipped wages.
