US Edition
How Trump’s ‘Big, Beautiful Bill’ Could Impact Gamblers
- US President Donald Trump is pushing the 'One Big, Beautiful Bill' for a House vote that includes a 1% tax on remittance transfers.
- This bill follows earlier versions proposing higher remittance taxes and changes to gambling tax codes that sparked opposition from players and lawmakers.
- The remittance tax applies only to cash, money orders, and cashier's checks, exempting bank and card transfers, while gambling loss deductions would be capped at 90%.
- Approximately 4.5 million people of Indian origin residing in the US—the second-largest immigrant population—may be impacted by the updated tax regulations on remittances, which reached $129 billion for India during 2023-24.
- The bill's passage would mark a key legislative moment for Trump but faces criticism over rising debt, cuts to welfare, and adverse effects on professional gamblers and immigrant communities.
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A surprising new coalition is speaking out against President Donald Trump's budget: gamblers. Both amateur and professional gamblers are opposing the bill because of a provision that would tax their winnings and limit the amount of losses they can deduct, Bloomberg reported Wednesday. The 900-page b...
·United States
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Minnesota progressives sound alarm over Trump tax bill
Even as U.S. House struggled to wrangle the votes to pass President Donald Trump’s major domestic policy initiative Wednesday, Minnesota progressives, food shelves and health care advocates sounded the alarm over the “big, beautiful bill” that would deliver steep cuts…
Coverage Details
Total News Sources12
Leaning Left7Leaning Right1Center1Last UpdatedBias Distribution78% Left
Bias Distribution
- 78% of the sources lean Left
78% Left
L 78%
11%
11%
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