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By Wandering Eyes · Posted
This week marks a traditional high point in anticipation on the North American horse racing calendar, as Saratoga Race Course begins its summer meet July 10. View the full article -
By Wandering Eyes · Posted
Journalism, winner of the Preakness Stakes (G1) and runner-up in the Kentucky Derby (G1) and Belmont Stakes (G1) will make his next start in the July 19 Haskell Stakes (G1) at Monmouth Park if all goes well over the coming days. View the full article -
By Wandering Eyes · Posted
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 lost the same amount during a calendar year would be stuck with a tax bill on the leftover $100,000. Titus is seeking to allow gamblers to once again write off all their losses. The bill is titled the Fair Accounting for Income Realized from Betting Earnings Taxation (FAIR BET) Act. “The recently passed budget bill included a provision inserted by Senate Republicans without consent of the House that imposed a tax increase on Americans who gamble by reducing from 100 percent to 90 percent the amount of losses they can deduct from gambling winnings for their income taxes,” Titus said in a statement. “My FAIR BET Act would rightfully restore the full deduction for losses so gamblers don't pay taxes on money they haven't won.” The FAIR BET Act is being co-sponsored by California Democratic Rep. Ro Khanna. “The Republican budget would kneecap sports and gambling by making Americans pay taxes on gambling losses, Khanna told Newsweek. “This is deeply unfair. I'm proud to introduce the FAIR BET Act with Rep. Titus to restore the 100% tax deduction for gaming losses.” The American Gaming Association, the industry's top lobbying group, expressed support for the legislation. “The American Gaming Association applauds Congresswoman Titus for introducing the FAIR BET Act. We are committed to working with Congresswoman Titus, other congressional leaders, and the Trump Administration to restore the long-standing tax treatment of gaming losses,” the AGA said in a statement. Representative Troy Nehls, a Texas Republican, told Newsweek why he is cosponsoring a bill to repeal a measure included in President Donald Trump's One Big Beautiful Bill Act (OBBBA). “While I proudly voted for the One Big Beautiful Bill Act, which prevents the largest tax hike in American history, the Senate's version contained a provision that I strongly disagree with,” Nehls told Newsweek in a statement. Nehls is the first Republican to cosponsor the FAIR BET Act. The post Lawmakers Introduce Bill To Help Gamblers Affected By Trump’s “Big Beautiful Bill” appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article -
By Wandering Eyes · Posted
Make Haste hopes she lives up to her name in the $175,000 Coronation Cup Stakes (G3T) July 11 at Saratoga Race Course. The 5 1/2-furlong sprint is the third start for the Blue Point 3-year-old since moving under the tutelage of Miguel Clement. View the full article -
By Wandering Eyes · Posted
Aron Wellman, who heads the Eclipse Thoroughbred Partners syndicate which is a co-owner of GI Preakness Stakes winner Journalism (Curlin), said his colt will run next in the July 19 GI Haskell Stakes at Monmouth Park. “If all goes well this coming weekend and he works to (trainer) Michael McCarthy's satisfaction and comes out of his work with good energy, the Haskell is Option A,” Wellman said. “What are options B and C? I haven't thought beyond that. The Haskell is our target. If we find any reason for him not to go there we will have to regroup and reconsider our options. Our intention is to run in the Haskell.” Journalism is one of 18 horses nominated to the Haskell. The list does not include Sovereignty (Into Mischief), who is being pointed for the July 26 GII Jim Dandy Stakes at Saratoga. Sovereignty has beaten Journalism the two times they have meet, winning the GI Kentucky Derby and the GI Belmont Stakes over his rival. Sovereignty skipped the Preakness and Journalism proved best in his absence. But Wellman said that in no way is he ducking Sovereignty. “Where Sovereignty is running has absolutely no impact on our decision at all,” Wellman said. “We've never shied away from him to begin with. Obviously, the scoreboard is 2-0 and all the credit goes to him. It would have no impact on our assessment so far as to what the appropriate race to send our horse to is. We are at a disadvantage in the summertime because there are no 3-year-old races in California. Our two options are the Haskell or the Jim Dandy. One is a Grade I worth $1 million ad the other is not a Grade I and not worth $1 million. That has more to do with it rather than our analyzing what race Sovereignty is going in.” The Jim Dandy is a $500,000 Grade II race. After the Jim Dandy and the Haskell, it's conceivable that the two could have a rematch in the GI Travers Stakes. “People ask about the Travers and a possible rematch with Sovereignty,” Wellman said. “We're just taking it one step at a time. This horse has had such an incredible campaign already that we just want to make sure that we are focused on one race at a time We're not looking past this next objective.” The post Journalism Targets Haskell appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions. View the full article
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