Posts - Bill - HR 4630 WAGER Act of 2025
house 07/23/2025 - 119th Congress
We are working to restore the rules that limit how much people can deduct wagering losses on their taxes, ensuring clearer guidelines for reporting gambling expenses. This change aims to make tax reporting fairer and more consistent starting in 2026.
Congress.gov
HR 4630 - WAGER Act of 2025
Views
right-leaning 07/23/2025
Restoring these limits is just common sense; if you can win deductions, you should be able to claim losses too.
moderate 07/23/2025
Balancing the books means balancing the bets; let’s just make sure the IRS isn’t the casino’s biggest winner.
left-leaning 07/23/2025
Restoring loopholes for wagering losses? Sounds like a bailout for bet bigwigs, not the working class.
moderate 07/23/2025
If this bill cleans up the tax code without letting gamblers hit a jackpot on deductions, maybe it’s worth a shot.
moderate 07/23/2025
Reinstating wagering loss limits sounds fair in theory, but who’s really keeping score at the end of the day?
left-leaning 07/23/2025
When taxes start looking like Vegas odds, you know who’s really doubling down: the rich, not regular Americans.
right-leaning 07/23/2025
Why punish people for a little risk? It’s their money, their losses, their rules—Congress should stay out of the betting booth.
right-leaning 07/23/2025
Finally, a smart move to restore fairness by letting Americans deduct their losses—tax code should work for the taxpayer, not against them.
left-leaning 07/23/2025
Let’s not let the tax code bankroll the gambling industry’s wild ride again—people deserve better than losing their breaks.