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Former UK Prime Minister Gordon Brown has renewed his call for increased taxes on gambling as a measure to alleviate child poverty. Brown supports a report by the Institute for Public Policy Research (IPPR) which suggests that higher gambling levies could fund the removal of the two-child limit and the benefit cap, potentially lifting 500,000 children out of poverty. The proposal has garnered public backing, with a YouGov poll indicating that 70% of Britons support raising taxes on online gambling to help fund anti-poverty efforts. However, the plan has faced criticism, including from a Labour tax expert who described the gambling sin tax proposal as "unconvincing." Critics also argue that the tax increase could harm sectors such as horse racing and bingo.
Happening Now: Rep. Dina Titus is hosting a Town Hall on the FAIR BET Act to restore the 100% deduction for gambling losses, joined by community leaders. and industry experts. Live from Las Vegas City Hall. #FAIRBETAct #LasVegas https://t.co/rqbcoxhKfP
Rep. Dina Titus is expected to speak, along with other gambling experts, at a town hall Monday promoting her bill to repeal a key tax change that affects gamblers who itemize their taxes. https://t.co/KFcTzvxixs
🎰 If you win $100 and lose $100, you should owe $0 in taxes. But the GOP’s #ReverseRobinhood Tax & Spend law will tax you anyway. I’m fighting for the FAIR BET Act to protect Nevada’s gaming economy and keep the odds fair for everyone. #FairBetAct #NV04 https://t.co/FdcxXF0qMR
