Gamblers seethe over Trump's budget: 'Going to eat into a lot of profit'

A surprising new coalition is speaking out against President Donald Trump's budget: gamblers.

Both amateur and professional gamblers are opposing the bill because of a provision that would tax their winnings and limit the amount of losses they can deduct, Bloomberg reported Wednesday. The 900-page bill would cap deductions for gambling losses at 90% and impose income taxes on gambling earnings.

“I’ve spoken to many clients and they’re very concerned,” Zachary Zimbile, an accountant with experience in gambling regulations...