New Proposed American Online Gambling Legislation

In America, a Congressman has proposed a measure that would collect $40 billion over the next decade from online gambling for job training programmes for those in declining economic sectors and educational assistance for youth in foster care.
Democrat Representative Jim McDermott from Washington introduced HR6501, also known as the Investing In Our Human Resources Act (IHRA), on Tuesday that would itself through new revenues generated by legal and regulated Internet gambling in the US.

‘We have an ideal opportunity to invest billions of dollars in American workers and our struggling economy without increasing the Federal deficit,’ said McDermott in a prepared statement.

‘IHRA would utilise a funding stream that would become available should Congress decide to legalise and regulate Internet gambling, which would protect consumers and collect tax revenue that is currently offshore.’

The measure has been co-sponsored by Democrat Representatives George Miller of California and John Larson of Connecticut and would amend the Social Security Act to finance a trust fund with proceeds from taxing online gambling to provide opportunities to individuals.

~ by jewelleryshopping4u on August 25, 2008.