At Las Vegas ‘field hearing,’ top House GOP appropriator pledges reversal of gambling tax deduction

House Ways and Means Committee Chairman Jason Smith (R-MO) met with three gaming industry CEOs on Thursday evening in Las Vegas to discuss the recent controversial change in the tax code that limited the amount gamblers can deduct from their winnings from 100 percent to 90 percent of their losses.

Less than 12 hours later, Smith committed to raising that percentage back to 100 percent by the end of the year before the change takes effect…

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