Frank still Fighting for
Online Gambling in US
 Sebruary
23 - The world loves a good hero and for supporters of
legalized and regulated online gambling
in the United States - a country where the internet pastime has
been banned since the end of 2006 - that hero is in the form of
the ever-determined 'bulldog-like' Democratic Congressman,
Barney Frank.
Also the chairman of the House of Representatives Financial
Services Committee, Frank is a senior lawmaker in the US
government and one that has always supported the rights of
Americans to
exercise their right and freedom to gamble online
if they so choose, rights he is pushing to have reinstated.
Said a spokesperson for Frank, 'Mr. Frank is aiming to bring
back legislation
designed to repeal the UIGEA
which should happen in the next month. He believes that these
ant-online gambling laws are only burdening the US financial
service industry at a time of economic crisis.'
After the Unlawful Internet Gambling Enforcement Act (UIGEA)
was passed by Congress in October 2006 and signed into law
shortly thereafter by the then
schmuck in the White House,
the practice was effectively banned in the very country whose
citizens turned online gambling into a multi-billion dollar
business.
From those dark days until now, Frank has never stopped in his
crusade to have the
draconian anti-online gambling law
repealed, and has never stopped pushing for the legalisation and
regulation (and thus taxation) of the industry - the same way
the UK government successfully regulated online gambling a few
short years ago.
In fact, since treating its citizens like adults and allowing
highly regulated online gambling in the country, the UK
government - and ultimately the British people - have benefited
from
tens of millions of pounds in online gambling taxes,
which have gone some way to help top up government coffers
emptied fast by the current recession.
Which begs the question of how much the United States could
benefit right now from
hundreds of millions of dollars in taxable online gambling
revenues,
given that the country is in dire financial straits, as the
recession continues to bite average Americans ever deeper and
harder. Answer, a lot.
|
|
|
