Connect with us

Nevada

OPINION: Block of FAIR BET Act brings jeers from fans of gambling tax fairness – The Nevada Independent

Published

on

OPINION: Block of FAIR BET Act brings jeers from fans of gambling tax fairness – The Nevada Independent


The annual Super Bowl bacchanalia approaches, but American gamblers and casinos operators have already witnessed the misplay of the season with the congressional fumble of the commonsense FAIR BET Act.

Officially known as the Fair Accounting for Income Realized from Betting Earnings Taxation, the bill was introduced in July by Rep. Dina Titus (D-NV) in an attempt to reverse a recent federal gambling tax policy change that reduced the amount of losses bettors could deduct from their taxes from 100 percent to 90 percent. Titus has rightly called the policy change a “tax increase on Americans who gamble.”

Titus’ bill amounted to a swift fix of a damaging mistake contained in President Donald Trump’s One Big Beautiful Bill Act that threatens to hobble gamblers across the country with an unfair tax on winnings.

FAIR BET quickly picked up 23 co-sponsors and bipartisan support that included Nevada House members Reps. Steven Horsford (D), Susie Lee (D) and Mark Amodei (R). Clearly weighing the politics of the Trump era, the American Gaming Association (AGA) and many influential members of the industry were initially much slower to express strong opinions about the damaging impact the change would have on casino customers.

Advertisement

The vast American gambling community, however, has been lighting up social media for months expressing outrage over the approach of the unfair tax. Under the current provision, gamblers could break even for the year and still owe taxes on their winnings.

Titus pushed through the fall and the AGA and casino CEOs found their voices, but she was surprised as anyone that a bill that impacts so many states was snubbed by Republican-chaired committees. FAIR BET failed to be inserted as an amendment to the National Defense Authorization Act.

In the new year, just about everyone is trying to recover this bouncing political football.

A House version of Sen. Catherine Cortez Masto’s (D-NV) FULL HOUSE Act was introduced this week by Horsford and Ohio Rep. Max Miller (R). Officially the Facilitating Useful Loss Limitations to Help Our Unique Service Economy Act, it’s a mouthful that attempts to correct a law that Horsford says is “fundamentally unfair.” He adds in a statement, “This policy would drive tourism across our state elsewhere.” This bill also enjoys bipartisan support in both houses.

After Cortez Masto’s attempt to reverse the gambling provision failed, she told The Associated Press, “My understanding is many Republicans, many Democrats did not even know it was part of that process.”

Advertisement

With so much support, you’d think it would be game over. But not so fast.

By my count, there are three bills in the House and one in the Senate. All have bipartisan support. Titus’ bill is the simplest and contains just a few words, a veritable fortune cookie by congressional standards, but whatever bill gains steam, it will have to do so under Trump’s cloud of chaos in 2026.

“Everybody wants a piece of it now that it’s very popular, and gaming is on board and wants to fix it,” Titus says. “There are show horses and there are work horses. There are those who do the heavy lifting and those who come for the photo op. And you can figure out who’s who.

“I’ve said all along, I don’t care what vehicle we use, we just need to get it fixed.”

The gambling world is watching. Sports betting and casino industry websites continue to follow developments closely. They recognized the obvious hustle unfolding in Washington is more chaos, and chaos is bad for business. An NBC News story echoed the sentiment under a headline, “Bettors are worried Trump’s ‘big, beautiful bill’ could cause professional gambling in the U.S. to fold.”

Advertisement

Overstated? Perhaps. But what amounts to a 10 percent tax on a break-even bankroll would bury plenty of gamblers — and not just the minnows or the poker players, as some gaming industry numbskull first suggested. It’s bad for them and worse for the state’s largest and most politically influential industry.

There’s still time left on the 2026 congressional clock, but the delay makes the Democrats look like they have a communications problem and the lone Republican like he needs to learn to raise his voice on behalf of his constituents. Say it ain’t so.

Now, about Amodei. He was chided for admitting he didn’t know of the existence of the change in the gambling tax code, but in fairness the amendment wasn’t in the House bill. It came from the Senate side. It was introduced by Idaho Republican Sen. Mike Crapo and was, at best, an ill-conceived attempt to raise revenue tucked inside a behemoth piece of legislation that is projected to cost the country more than $3.4 trillion.

At this point, maybe it’s time to set politics aside and remember the words popularly attributed to Vince Lombardi. When it comes to defeating this stinker of a tax, “Winning isn’t everything, it’s the only thing.”

John L. Smith is an author and longtime columnist. He was born in Henderson and his family’s Nevada roots go back to 1881. His stories have appeared in New Lines, Time, Reader’s Digest, Rolling Stone, The Daily Beast, Reuters and Desert Companion, among others.

Advertisement



Source link

Nevada

Gas prices climb in northern Nevada amid tensions in the Middle East

Published

on

Gas prices climb in northern Nevada amid tensions in the Middle East


$3.99 on Sunday, $4.09 just days later.

An extra dime for the same gallon of gas, but why?

Conflict in the Middle East has impacted prices at the pump for drivers here in northern Nevada and across the country.

According to AAA, the national average for a gallon of gas has jumped nearly 27 cents since last week, coming in at $3.25. In Reno, the average price is roughly $4.26.

Advertisement

Experts say for every $5 to $10 increase in oil prices, drivers could pay 15 to 25 cents more per gallon.

The increase primarily comes down to the Strait of Hormuz, a narrow waterway between Iran and Oman, which controls roughly 20% of the world’s oil supplies. Amid the tensions, traffic through the area has recently ground to a halt.

Michael Goldman, General Manager of Caru Containers North America, said many of the shippers who typically go through the Strait have changed course.

“We’re seeing the routes ships need to take be much longer, much more costly. Going around the Horn of Africa instead of going through the Strait of Hormuz and the Red Sea. And we’re definitely seeing cost increases to those carriers to make those journeys,” said Goldman.

Jayce Robinson from Sparks said he’s always looking for the best deal in town on gas.

Advertisement

“I mostly fill up here for work, so it’s not my money, but when I do fill up, I definitely look for the cheapest place because money’s tight and gas is expensive,” Robinson said.



Source link

Continue Reading

Nevada

10-month-old found safe, North Las Vegas police cancel AMBER Alert

Published

on

10-month-old found safe, North Las Vegas police cancel AMBER Alert


Authorities have canceled an AMBER Alert after they say a 10-month-old child taken by a non-custodial parent was found safe.

North Las Vegas Police said Thursday that Leilani Williams (aka Leilani Duke) was taken by her father, Roderick Duke.

Duke and Leilani were last seen at an apartment complex in the area of Martin L. King Boulevard and Cheyenne Avenue at 1:40 a.m.

“An AMBER Alert has been activated due to Roderick being in emotional crisis and making threats to harm himself and 10-month-old Leilani,” NLVPD said in a statement.

Advertisement

By 10:05 a.m., NLVPD said that Leilani was located unharmed.

Comment with Bubbles

BE THE FIRST TO COMMENT

Officers took Duke into custody without further incident, and the AMBER Alert has been canceled.



Source link

Advertisement
Continue Reading

Nevada

California Gov. Gavin Newsom speaks to Nevada Democrats in Las Vegas

Published

on

California Gov. Gavin Newsom speaks to Nevada Democrats in Las Vegas


California Gov. Gavin Newsom addressed Nevada Democrats who packed a Las Vegas brewery Wednesday evening for a discussion about his upbringing, his political life and efforts his state has taken to combat the Trump administration agenda.

Newsom, who has been floated as a possible White House contender for 2028, sidestepped a quip from former Nevada Gov. Steve Sisolak who introduced him as the next U.S. president amid cheers from the crowd.

“I’m very grateful for your friendship, and a friendship that’s only strengthened over the course of the last year or so,” Newsom told Sisolak.

Book tour stop

Advertisement

The event, which served as a book tour stop for the California governor, was organized by the Nevada Democratic Party. It took place at Nevada Brew Works near Summerlin.

Nevada Assemblymember Daniele Monroe-Moreno, the state party chair running for North Las Vegas mayor, moderated the discussion.

It was part of the party’s Local Brews + National Views series that’s been bringing Democrats for similar discussions at intimate venues. Past speakers have included former President Joe Biden, Arizona U.S. Sen. Mark Kelly, and Illinois Gov. JB Pritzker.

Criticizing President Donald Trump, Newsom spoke about the immediate aftermath of the 2024 general election.

“We were handwringing, a lot of finger pointing, and a sense of weakness,” Newsom said. “And just incapable of dealing with this moment, this existential moment.”

Advertisement

He said he is taking account for what he described as his own complicity.

“This happened on my watch. This is all happening on our watch,” Newsom said. “And so I realized that I needed to be better.”

That included his advocacy to redraw California’s Congressional map after Trump called for the same in Texas, he said.

“They’re not screwing around, nor are we,” he said about Trump and his administration. “All of us.”

‘You’re giving us a voice’

Advertisement

Newsom spoke out against the surge of federal immigration enforcement operations in California and later Minnesota, calls from the Trump administration to nationalize elections, and cuts to government funding due to the One, Big, Beautiful Bill Act.

He said that pushback against Trump’s policies, including dozens of lawsuits filed by California, were making the president retreat on some of his proposals and policies.

“You’re filling the void, you’re giving us a voice, you’re giving us courage,” he told the crowd. “For things to change, we have to change. And it’s changing.”

The Republican National Committee reacted to Newsom’s Las Vegas visit. Earlier in the day, Newsom attended a private Boulder City event.

“Democrats are selling out to the spoiled, phony rich kid governor from California for years,” RNC spokesperson Nick Poche wrote in a statement. “President Donald Trump and Republicans are delivering major tax cuts and keeping Nevadans safe, unlike Democrats.”

Advertisement

The national Republican Party also criticized California’s policies, and tied them back to Nevada Democrats.

Most of Newsom’s remarks weren’t specific to Nevada. He didn’t take any questions from media.

Polling shows Newsom and Vice President JD Vance leading in hypothetical races for their parties’ nomination. That includes a survey of likely Nevada voters conducted one by Emerson College Polling in November.

Contact Ricardo Torres-Cortez at rtorres@reviewjournal.com. The Associated Press contributed to this report.

 

Advertisement

 



Source link

Continue Reading

Trending