Players from all countries can PLAY!
A year after taking political power in Washington D.C., the Democrats have finally discovered a easy methods to end the pay on online gambling. Legalize it and tax it to pay for his or her pet project -- government-run health care.
A Joint Committee on Taxation study released today by Rep. Jim McDermott (D-WA) discovered that regulating Internet gambling, as proposed in pending legislation introduced by Representatives Barney Frank (D-MA) and Jim McDermott (D-WA), would generate nearly $42 billion over 10 years.
The research relies at the provision of a federal license for operators that may let them offer online gambling within the United States, while maintaining existing federal prohibitions on any type of sports betting.
"This analysis further reinforces the truth that a regulated environment will generate billions in new revenue to offset the prices of health care reform or other vital government programs," said Michael Waxman, spokesperson for the Safe and Secure Internet Gambling Initiative. "IT IS JUST an issue of time before Congress acts and begins allocating the billions in new revenue sitting at the table to at least one program or another."
The once-in-a-lifetime chance to generate billions in new revenue is vital as a result of a congressional rule that any piece of legislation must either be budget neutral or offset with identified savings.
"We believe this tax revenue analysis will encourage immediate discussions and consideration of pending legislation to control Internet gambling," added Waxman. "With everyone acknowledging that attempts to ban the activity have failed, this offers much more incentive for Congress to act."
© Copyright 2009 Online Casino Crawler This material will not be published, broadcast, rewritten, or redistributed.
Read More... [Source: Online Casino Crawler - Safe Online Casino reviews and casino articles]
No comments:
Post a Comment