The U.S. Trotting Association announced Monday (Dec. that it has formally signed on to endorse the WAGER Act (H.R. 4630), federal legislation introduced by Rep. Andy Barr (R-KY) that would restore the full, 100% deductibility of gambling losses.
 “The WAGER Act delivers meaningful tax fairness for horseplayers and strengthens the wagering environment that our sport depends on,” said Tanner. “By restoring the full deduction for wagering losses, this legislation supports everyday bettors, protects handle, and helps ensure that pari-mutuel wagering remains competitive in a rapidly evolving gambling market.”

Two things, they increased it from 90% to 100% but only if you itemize deductions. If you don't or can't itemize deductions because you don't have enough it's meaningless. Of course in your world that's GREAT NEWS! Even when you itemize your total itemized deductions are subtracted from your taxable income, so you're not actually deducting 100% of them, just lowering your taxable income.

 

STFU, thriving...

If fuckface, lazy ass USTA (you and them  ) were doing anything meaningful it wouldn't of dropped to 90% i.e. you had no lobby, you didn't know and you didn't care...now you're lethally fucked in the Harness Racing quicksand and care about gamblers 

Please, Drop dead!   

Racing needs to be reborn without the no good corrupt dumb ass usta for sure!   

I don't think it's going away anytime soon, but definitely not thriving.  Yearlings are so overpriced it's hard to turn a profit and horsemen racing strictly overnights struggle to get by in most areas.  Doesn't sound like a great recipe for success.  Only the select few are thriving.

maybe you were right son.... harness racing is thriving.....

    There are many signs of that despite what the haters claim.....

this is getting ridiculous now...are there even mares for these average horses to cover at this point. I can see the top couple retiring. I dont see any fervor for a horse like Madden Oaks or even Captain Optimstic. What is the point. Hundreds at stud but yet a racing shortage...doesnt sound healthy

It looks pretty obvious.  Went from above avg to avg, now can't run a lick anymore?, what choice do they have?