Fixing Gambling Tax Law with Congresswoman Dina Titus

This week on the Talk To Tom Podcast, Thomas Viola sits down with United States Congresswoman Dina Titus to talk about her proposed bill known as the FAIR BET Act, which seeks to rectify last year's changes to gambling tax deductions and restore bettors' ability to deduct 100% of their gambling losses when filing their taxes. Congresswoman Titus updates us on where current efforts to fix this stand, when gamblers can expect to hear more news, gives us insight into how bills like this come to pass, and more!00:00 — Introduction & Fair Bet Act Overview01:38 — Why This Issue Exploded in Public Attention02:00 — Recent House Rules Committee Hearing Update03:54 — Why the Fix Hasn’t Passed Yet05:20 — The “Phantom Income” Tax Problem Explained06:34 — How the Provision Was Added in the Senate08:05 — Fragmentation in the Gambling Industry09:41 — Casino Industry Divisions & Tribal Gaming Conflicts10:11 — Fair Bet Act vs Full House Act11:22 — Economic Fallout If Law Isn’t Fixed12:37 — Casino Industry & Gaming Association Support13:26 — Spending Fights & Political Timing15:00 — Midterms, Lame Duck Sessions & Election Strategy16:16 — Impact on Professional & Casual Gamblers17:12 — Tax Extender Bills Explained17:52 — Other Possible Legislative Paths18:55 — Revenue Offset Concerns Explained19:28 — What Bettors Can Do to Help21:18 — Closing Thoughts on Gaming’s Importance to Nevada21:57 — Final Thanks & Show OutroTalk to Tom is a sports betting and gambling podcast; host Thomas Viola sits down with leading experts, pioneers, and bettors across the gambling industry to tell their stories, talk process, and keep you informed in the ever changing world of gambling. Follow Thomas on X/Twitter at: https://x.com/TVatWorkFollow Thomas on Substack: https://substack.com/@tvatwork?Please don't forget to like, subscribe, and leave a 5-star rating and review!