Catherine Cortez Masto: “Until last week, the law of the land was that gamblers could…”

“Unfortunately, tucked into Republicans tax bill was a provision that puts the industry at risk not just in Nevada, but across the country. Until last week, the law of the land was that gamblers could deduct 100% of their losses from their annual taxes. For example, if A gambler won $500,000 and lost $500,000 in a year, that gambler would be able to deduct $500 from their taxes and break even.” (00:28–00:38)

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