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Hope for online gambling with the new Congress
 November 17, 2008, 3:02 pm (3 years ago)Following weeks of depressing reports that US online gambling is being destroyed by the aggressive Bush administration, a little bit of hope was indicated throughout the weekend by the chief of the powerful American Gaming Association, Frank Fahrenkopf, who states that the new Congress might have more enthusiasm for a legalized business....and the taxes it is able to bring.
As said by a report in the Reno Gazette-Journal, Fahrenkopf lectures that the justification of Internet gambling is going to be the most recent federal subject dealing with Nevada's gaming industry in the several years coming. Regarding the run up to the Global Gaming Expo in Las Vegas, the powerful administrative explained that the requirement for new tax money could cause legalization proposal in both houses of Congress next year.
"There has been estimation flowing on the Hill that it may raise billions of dollars in new federal income," explained Fahrenkopf. "So we are able to anticipate that the entire subject of Internet gambling is going to be front and center in the next Congress."
Federal politicians perceive that possible tax income from Internet gaming may stimulate their legislative schema, Fahrenkopf added. "Congress has taken on a pay-as-you-go system," he explained. "So any Congressman or Senator who brings in a piece of legislation that will cost something is going to as well have to indicate how they plan to pay for it, either by economize spending in one place or taking much more taxes in another. So we know under those conditions, they are going to be looking around at a place to get further income."
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