Bettors can still deduct losses from wins within a single session of play. But the Internal Revenue Service ( irs) is unlikely to let punters treat a full year, or arguably even a week, as one session. In the meantime, some sports bettors are placing their hopes on a potential loophole presented by a disruptive new entrant to the industry.

The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democrats opposed.

Tax incentives contained in the sweeping tax and budget bill Trump signed on July 4 could provide a fresh boost to AI chipmakers.

President Donald Trump signs $3.3 trillion tax bill that extends 2017 tax cuts, raises debt limit by $5 trillion, rescinds Biden green energy credits, and adds Medicaid work requirements.

President Donald Trump used an antisemitic slur while promoting his 'Big, Beautiful' Bill, later denying he knew what it meant.

Larry Summers said the bill likely would not make the economy stronger, and flagged concerned over the amount it would add to the US debt.

What do you think of President Donald Trump’s so-called “big, beautiful bill, which he signed into law on July 4 after narrow passage in the U.S. House and Senate.

This is the largest transfer of wealth from poor, working, and middle-class Americans to billionaires in American history," said Marc Morial, National Urban League president and former New Orleans mayor.