Lynnae is a journalist covering the intersection of technology, culture, and gambling. She has more than five years of experience as a writer and editor, with bylines at SlashGear and MakeUseOf. On the iGaming side,...
Read Full BioRep. Steven Horsford (D-NV) announced in a post on X on Monday that he and Rep. Max Miller (R-OH) have introduced the Full House Act that would roll back the 90% cap on gambling loss deductions that was enacted in last year’s One Big Beautiful Bill Act.
The proposal would restore the long-standing rule that allows taxpayers to deduct gambling losses up to the amount of their winnings. Under the current law, which took effect on January 1, 2026, the cap could result in some gamblers having to pay taxes on their “paper” winnings, even when their losses wipe out those gains or end the year in the red.
“Taxing people on money they never actually earned is fundamentally unfair,” Horsford said. Miller described the bill as being “about basic fairness in the tax code,” adding: “Americans should not be taxed on money they didn’t actually take home.”
The American Gaming Association, which has played a prominent role in lobbying for the repeal of the 90% cap, took to X to express its support, calling restoration of the 100% gambling loss tax deduction a “top priority” and describing the Full House Act as “important progress on this bipartisan, bicameral effort.”
Last July, Rep. Dina Titus (D-NV) became the first member of Congress to take on the 90% cap when she introduced the Fair Bet Act in July 2025.
Both Horsford and Miller sit on the powerful House Ways and Means Committee, which oversees federal tax policy, potentially giving their bill a more direct path through the House than Titus’s bill.
Full House Act Could Move Faster as Minibus Amendment
In an effort to expedite the proposal, Horsford and Miller are pursuing a two-track approach: introducing a standalone bill and filing the same language as a bipartisan amendment to the Financial Services and General Government minibus, which the House Committee on Rules is scheduled to review on Tuesday, January 13.
This move could be a potential shortcut, as standalone tax bills often sit in committee for months. Attaching the fix to a live legislative vehicle, especially one that’s already moving through the House, is a way to advance it more quickly or even incorporate the changes as part of the procedural package that governs floor debate.
Here’s how the amendment process could play out as the minibus moves through the House:
- The Rules Committee sets the terms for what amendments are allowed on the floor.
- If the committee makes an amendment “in order,” it can receive a vote during House consideration of the underlying bill.
- In some cases, the committee can structure the rule so the change takes effect automatically when the House adopts the rule. This is referred to as a “self-executing” rule, which can bypass the need for a separate amendment vote.
Even with an amendment attached, nothing is guaranteed. The Rules Committee can allow it, block it, or fold it into the process another way. Still, the fact that the language is being presented as both a bill and an amendment suggests that its supporters want Congress to act on it sooner rather than later.
What Happens Next
The Full House Act doesn’t appear to be a replacement for Titus’ Fair Bet Act, and she has not yet commented on the proposed legislation. Instead, the two bills seem to be pursuing a similar goal: rolling back the 90% limitation through parallel strategies:
- Titus’s bill is framed as a direct fix to restore the full deduction and has drawn bipartisan support, including a recent Republican co-sponsor, Rep. Tom Cole (R-OK).
- Miller and Horsford’s push adds another bipartisan vehicle, plus a procedural route tied to the minibus amendment process.
A Senate version of the Full House Act has already been introduced and referred to the Senate Finance Committee, providing supporters with a bicameral track as the House bill and the minibus amendment move forward.
What we’ll be watching for in the upcoming days is to see what the Rules Committee does with the amendment and whether House leadership treats this as a clean, bipartisan technical correction that can be folded into a broader package without reopening a larger tax fight.
If the bill advances, the next steps are straightforward: House leaders will decide whether to include the fix in the minibus as it heads to the floor, and the Senate will decide whether to move its companion bill or accept the House approach.
