Author: Daniel snow

In a Wednesday interview with CNBC’s Jim Cramer, DraftKings CEO Jason Robins questioned a new tax provision related to gambling in President Donald Trump’s megabill, calling it a “very strange change.””I do think it’s something that doesn’t makes sense,” he said. “If you can’t deduct all your losses, you know, how does that make sense that you pay income tax on something that’s not actually income.”Preciously, gamblers could deduct all their losses from their winnings so that they are only paying taxes on net winnings. But the new rule makes it so that gamblers can only deduct 90% of their…

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