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Washington Republicans’ “One Big Beautiful Bill” changed the gambling tax deduction and will force players to pay taxes on money they’ve LOST. We must reverse this unfair tax that is hurting Nevada’s economy, and we’re one step closer to getting it done now that our bill has passed out of committee in the House. I’ll continue working to pass it in the Senate to repeal the tax on losses and protect Nevada’s tourism economy.

All clear, you may now return to your seats. Play is expected to resume at 6:10pm.

Important news for my fellow MA residents

This is great news. I have been grateful to work with @RepHorsford on our legislation to stop unfair taxes on gambling losses – money that, by definition, taxpayers don’t have – and this is a key step forward to getting it passed into law. The FULL HOUSE Act will help Nevada’s gaming and tourism industry and support workers across our state. Let’s get it done.

Despite the strong bipartisan vote for HR 10357 (which includes a common sense fix to end taxing phantom gambling income), there is not a lot of time left in 2026 to get things done before new members are sworn in January 3rd, 2027 and all bills not enacted at that point “die”. The next time the full House is in session, midterms will have occurred. Hopefully this bill gets through House Rules Committee (next step) and the full House passes this in November so the Senate can get their part done by Christmas, allowing the President to sign this bill before the 119th Congress ends. In other words, time is limited and the midterm election results could impact if this bill is able to be passed. Let’s hope Congressional dysfunction doesn’t mess this up!

Final House Ways and Means Committee vote breakdown on HR 10357 (includes provision to end taxing phantom gambling income): Y: 38 (26 R's, 12 D's) N: 5 (5 D's) NV: 2 (2 D's) Nays: Doggett (D-TX) Chu (D-CA) Moore (D-WI) Beyer (D-VA) Evans (D-PA) Not Voting / Absent: Gomez (D-CA) Suozzi (D-NY) A solid bipartisan vote is a great sign, but timing and the effect of midterm elections remain concerns

My bipartisan FULL HOUSE Act has passed through committee, bringing us one step closer to restoring the full gambling loss deduction that I have been fighting for over the past year. This is a major step forward for Nevada, our gaming economy, and the workers and families who depend on it. People should not be taxed on money they never actually earned. I will keep fighting to get this through the House and signed into law.

Finally, after 14 months of uncertainty, my fix to restore the 100% tax deduction for gambling losses has been passed out of committee. I was the first Member of Congress to recognize this injustice when I introduced my provision to correct it on July 7, 2025. Since then, I have amplified this issue nationally and brought it to the attention of my colleagues, including members of @WaysandMeansGOP. Now it is time for us to push this commonsense solution to the House floor, to the Senate, and finally to the President’s desk. I won’t stop fighting until we get this over the finish line.

Breaking: the big tax bill with a provision to repeal the 90% cap on gambling losses was just overwhelmingly voted through, with bipartisan support, to the House Rules Committee. It’s a technical step before it goes to the House floor for a full vote.

Impactful opening statement from @RepHorsford

Rep. HORSFORD touting that W&M is marking up reversal of OBBB’s tax hike on gamblers tomorrow - as part of crypto tax package Big issue for Nevada members The crypto bill could get a significant bipartisan vote tomorrow, sources in both parties say

New—Horsford’s fix for the gambling loss tax deduction, which would eliminate the provision where gamers can only deduct 90% of losses, moves forward in the House.

My FULL HOUSE Act is being marked up in the Ways and Means Committee this Wednesday, which means relief for Nevadans is one step closer. This unfair provision added by the Senate means you can be taxed on money you never actually received when gambling. It was wrong from the start, and now we’re fixing it.