Washington, June 30 -- Congressman Troy E. Nehls issued the following press release:
Congressman Troy E. Nehls (R-TX-22) penned an op-ed in the Washington Examiner (https://www.washingtonexaminer.com/), calling for reform to a specific tax code change made by H.R. 1, the One Big Beautiful Bill Act, which imposed a tax increase on Americans who gamble by reducing the amount of losses they can deduct from 100 percent to 90 percent. In the op-ed, Congressman Nehls explains why this provision is unfair and the need to restore consistency and fairness to our nation's tax code, and his support for the FAIR BET Act.
As Congress begins to work on Reconciliation 3.0, Congressman Nehls believes Congress could right this wrong and restore fairness ...