July 17th, 2008
excerpt:
Poker Players Alliance Executive Director John Pappas talks about the organization’s stance on the new legislation, which is now in its nascent state: “McDermott is on the tax writing committee in the U.S. House of Representatives and he’s been an advocate for extracting revenue from internet gambling.
The PPA hasn’t had an opportunity to review his proposal thoroughly, but we like the out-of-the-box thinking to be able to connect the benefits of legislation to a worthy cause. This is all stipulated on the idea that a Barney Frank-style bill would be passed.”
The latter part of Pappas’ quote is critically important. HR 6501 doesn’t call for any framework to legalize and regulate internet gambling. Instead, it offers up tax revenue from the internet gambling industry whenever Congress chooses to legalize it.
Click here to read more:
Online Poker Scene - Jim McDermott Introduces New Internet Gambling Legislation
Author Contact Info: Dan Cypra
Tags: hr6501
