Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Frank Supports Taxing Online Casinos

Barney Frank, his name is now synonymous with the online casino gambling industry in the minds of a lot of the US public. Frank is the champion of the US internet gambling industry and he has aggressively and consistently supported legislation that would legalize online casino in the United States while repealing and neutralizing the current US policy that bans financial transactions between US financial institutions and internet gambling companies. Frank’s bill has more support than ever before and there is a lot of excitement that perhaps in the this session of Congress Frank’s bill will finally reach the floor for discussion.

Frank has consistently pushed the same bill for a long time now, but there might possibly be some changes in the works now that Frank has taken a liking to Wyden’s withdrawn bill that would have funded the Democrat-supported healthcare reform through taxing the online casinos. Wyden was asked to withdraw his bill that linked the two industries because of the highly controversial nature of each. And though Wyden immediately chose to withdraw the bill, Frank is pretty keen on the plan and has noted that he doesn’t plan to let this issue rest. The healthcare reform is likely going to go to the floor of Congress before the online casino gambling bill, and as such, should the healthcare reform bill pass, then Frank would be open to adding the tax bill into his plan.

Frank elaborated on his support for taxing revenues from the online casino gambling industry. If the US is generating all of this gambling revenue why not reap some of the benefits of taxation and funnel that money into a needed areas of the federal budget? Although Wyden’s bill is off the table right now there is a strong chance that this will crop up in a new form sometime in the near future.