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flag Senate Republicans blocked an attempt to reverse a new tax law limiting gambling loss deductions.

flag Senate Republicans blocked an attempt by Democratic Senator Catherine Cortez Masto to reverse a new tax law provision that limits gambling loss deductions to 90% of winnings, up from the previous 100%. flag This change, effective in 2026, could increase tax burdens for high-stakes gamblers and potentially harm the professional gambling industry. flag The provision, part of a large tax bill signed by President Trump, was included without widespread awareness among lawmakers.

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