Insights: Miscellaneous

Defense Spending

The House has passed an FY26 defense appropriations bill that would provide the Pentagon ~$832b, matching the same level of spending in FY25, as requested by the White House. The Trump administration requested flat funding for DOD, given that the Republicans' recently enacted reconciliation bill provides ~$150b for defense spending, $113b of...

Gambling Tax in OBBBA

Backlash is beginning to emerge – from stakeholder groups, voters, and some bipartisan lawmakers – regarding the constraints on gambling loss deductions included in Republican’s recently enacted reconciliation bill (OBBBA). Stakeholders, such as the American Gaming Association and the National Thoroughbred Racing Association, are ramping up an...