Donald Trump

Rep. Dina Titus, a Democratic Congresswoman from the gambling mecca of Nevada, has introduced what is being called the FAIR BET Act, which would restore a gambler's right to deduct 100 percent of his or her losses from gambling winnings. Titus is the co-chair of the Congressional Gaming Caucus. The latest version of the Trump bill stunned gamblers, racetracks, casinos and sports bettors when it became clear that a player could only deduct 90% of their losses from the winnings. Under the scenario, a gambler that won $1 million and...

The 1,116-page bill the House passed early Thursday morning could have a profound effect on the horse racing industry. Currently, horse owners can only write off 40 percent of the cost of a race horse once it enters service. Under the Trump bill, the write-off, known as bonus depreciation, will be 100% for five years. With the bill now headed to the Senate, there is some speculation that the 100 percent deduction will be made permanent. The Tax Cuts and Jobs Act of 2017 increased bonus depreciation to 100% until...

LOUISVILLE, KY-- Two months ago, trainer Dale Romans and California Horse Racing Board vice chairman Oscar Gonzales traveled to Washington, D.C. with the American Business Immigration Coalition (ABIC) to join more than 150 business leaders in a push for bipartisan immigration reform. On Thursday, May 1 after training hours concluded at Churchill Downs, the pair participated in a media briefing to share their insights from the trip and explain why the group believes that now is the time to reform U.S. laws and regulations affecting legal immigrant workers. Around 20...

Major immigration reform has been talked about for decades, but torpedoed legislation is as far as that has gone. Indeed, President Ronald Reagan was still just in his second term when he signed the last comprehensive immigration reform bill successfully steered through Congress. Amid the cavalcade of immigration-related actions that the current administration has sanctioned, however, the possibility has appeared for that trend to be bucked. In the process, it opens the door for some of the nation's backstretch immigrant workforce to potentially find themselves on a new pathway towards...