Tim Pool Daily News Senate SABOTAGED Trump's Bill TO KILL IT, Poison Pill May FORCE GOP To BLOCK It Over New Gaming Tax
Jul 2, 2025
A proposed gambling tax threatens to upend the industry, affecting everything from poker to fantasy sports. Key political figures are voicing strong opposition, highlighting potential economic fallout. Additionally, Trump’s recent legal victories against media outlets shed light on the delicate balance between free speech and accountability. The episode also addresses the dangers of misinformation, particularly regarding immigration, revealing how fabricated narratives can incite real-world consequences and distort public perception.
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Gambling Tax Poison Pill
- The gambling tax provision in the Senate's bill limits wagering loss deductions to 90% of losses.
- This poison pill provision will likely kill the bill as it threatens the $172 billion gaming industry, including fantasy sports and poker.
Casual Gamblers Taxed on Losses
- The bill makes gambling deductions virtually impossible for casual gamblers by tracking every wager.
- Gamblers could owe taxes even if they end up breaking even or losing money overall.
Gaming Industry Opposition Threatens Bill
- The gaming industry, especially in Nevada and other gambling states, opposes the bill due to its harmful financial impact.
- GOP members from gaming districts may defect, causing the bill to fail.