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Bipartisan Online Casino Controls

Just about the best news to come out of the US right now is the launch of a new bill that has bipartisan support right from the get-go. Barney Frank is the most prominent of the politicians supporting the licensing of online casinos and yet he has had trouble truly rustling up the support that IGREA will need to pass into law. The newest initiative though could proved a strong rational for eventually passing IGREA. The newest bill on Congressional Hill, S3018 or rather the Bipartisan Tax Fairness and Simplification Act of 2010 is a bipartisan effort between Senators Judd Gregg (Rep) and Ron Wyden (Dem); they have teamed up to offer a comprehensive piece of legislation that handles the back end of coding and handling the tax issues on processing legalized and regulating online casino transactions.

This bill, if passed, will open up the door for other politicians to earmark some of the planned and proposed online casino gambling funds into their budgets and allocate what those hundreds of millions would go toward. The really refreshing part about the whole situation is the fact that this joint effort has a lot more chance of passing since it has bipartisan backing from inception. Barney Frank has bipartisan support for his bill to license and regulate the online casinos, but the Republican support is weak and it is definitely regarded as a bill initiative led by the Democrats.

The new Bipartisan Tax Fairness and Simplification Act of 2010 has the support of all of the key players in the US online casino gambling industry. The Poker Players Alliance (PPA) and the Safe and Secure Internet Gambling Initiative have both voiced support for the new tax effort and a hope that by passing the needed tax legislation for the gambling industry the regulations and licensing will be the rapid next step.