House Lawmakers Consider Bill to Reverse Gambling Provision in the 'One, Big, Beautiful Bill'

Democracy Watch: Asheville Watchdog fact-checked Chuck Edwards’s claims about the ‘One Big Beautiful Bill.’ Here’s what we found. • Asheville Watchdog

Here’s the question of vital interest to everyone in western North Carolina put before two of our federal lawmakers: In casting your vote, what did you think will be the impact of the so-called One Big Beautiful Bill, which became law July 4 with President Trump’s signature? Republican lawmaker No. 1: “The provisions included in […]

House lawmakers consider bill to reverse gambling provision in the 'One ...

House lawmakers consider bill to reverse gambling provision in the 'One, Big, Beautiful Bill'

INDIANAPOLIS — A small change in the “One, Big, Beautiful Bill Act” could soon mean a big deal for high-stakes gamblers, according to tax and sports betting experts. Starting in 2026, professional gamblers won’t be able to write off all their losses on their taxes. A last-minute provision tacked onto the newly-enacted GOP spending bill decreased the percentage of losses a gambler could deduct from 100% to 90%. That means gamblers could still owe…

Bipartisan lawmakers and gaming leaders push to reverse the Big Beautiful Bill's gambling loss cap

TheVoiceOfJoyce What’s in Trump’s One Big Beautiful Bill?

USAFacts by Steve Ballmer explains and gives us the data! The One Big Beautiful Bill Act was a large piece of legislation that made several budgetary changes. Some of its provisions are permanent; other provisions won’t go into effect until later next year. Meanwhile, the Trump administration has released its proposed budget for discretionary spending in fiscal year 2026, which begins on October 1. Here’s a look at the proposed changes. The pro…