American Senator Catherine Cortez Memasto of Nevada Republican states invite the Senate to prohibit it in reforming it to a republican budget item that limits the amount of taxpayers as possible to deduct the losses.
On Thursday (July 10), Cortez Masto went to the Senate Hall and requested unanimous approval to pass useful loss restrictions to assist the economy law in the unique service, or The full home law. But Sinator Republican objected because he wanted to add an unrelated amendment.
“This Republican legislation is already causing people to pay taxes on the money they lost. This is meaningless. This is all this is an attempt to fix it … so I am disappointed, but I have not accomplished.” Al -Sanator Catherine Cortez Memasto, extending Nevada
Senate Bill 2230 It was just offered the previous day, on July 9, by Cortez Memasto, Democratic Senator Jackie Rosen, and Republican Senator Ted Cruz.
The draft law aims to “amend the 1986 internal revenue law to restore the rules of betting on losses.”
After the objection, Cortez Memasto He said“It is a shame that we cannot pass this logical.
“This Republican legislation is already causing people to pay taxes on the money they lost. This is meaningless. This is all this is an attempt to fix it … so I am disappointed, but I have not accomplished.”
After the decision, Senator Rosen wrote on X: “I will not stop fighting in order to reverse this harmful ruling and protect the Games and Tourism economy in Nevada.”
Republicans were just banned in the Senate Sencortezmasto And my attempt to pass the draft law of our two parties to cancel their misleading ruling to impose taxes unrelenting.
I will not stop fighting in order to reverse this harmful ruling and protect the economy in Nevada for games and tourism. pic.twitter.com/qyklvsxt19
Senjackrosen July 10, 2025
The just betting law is still on the table, where Act Full House Flat is located
A press release from its office explained that the 2017 tax cuts and jobs law has fixed how taxes are imposed on betting losses, but taxpayers still allowed 100 % discount of gambling losses. However, last week, President Donald Trump’s new “A single beautiful invoice work“It changed the tax law so that the taxpayers can now deduct only 90 % of their losses.
Moments ago, the Republicans chose to prevent my involvement, which would have been protecting Nevada’s economy by canceling the Republican Party’s tax on gambling losses.
I had not finished fighting for our business and workers. Raising their taxes is a bad deal for Nevada, and I will continue to work to cancel it. pic.twitter.com/ydqsqmq2yf
Sencortezmasto July 10, 2025
Experts warn that this may force people to pay taxes on money that have never been harmful to the game industry in Nevada, tourism and economics. Cortez Memasto said its bill “will reappear 100 % taxes on gambling losses.”
The batch also lined up with the Democratic representative of Nevada Dina Titus’s just betWhich would cancel the last change. The fair betting law would amend the language in the beautiful bill of bill of “90 percent” to “100 %” to restore the old law.
But Titus had sharp words of the Senate’s effort earlier this week, saying: “Any bill or unanimous approval in the Senate would only be for the presentation.”
Distinguished Image: The American Senator Catherine Cortez Memasto
Pamphlet Cortez Masto criticizes the Republic First appear on reading.
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