Why an obscure provision in Trump’s big agenda bill has gamblers crying foul
Mihaela Chircă
CNN — Professional poker players and sports bettors, and a handful of members of Congress, are demanding a change to the massive tax and spending bill President Donald Trump signed into law last week, arguing that a provision tucked into the measure late in the legislative process unfairly taxes gamblers on “phantom” winnings. The new legislation changed the way gamblers deduct their losses on their taxes. Currently, gambling winnings can be offset by 100% of gambling losses, so gamblers who
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