The U.S. House Financial Services Committee will vote tomorrow on the decriminalization and taxation of Internet gambling.
“After all the talk during the last year about shutting down the casinos on Wall Street,” said Rep. Spencer Bachus, the committee’s ranking Republican, “it does not make any sense to me why we would be taking steps to open casinos in every home, dorm room, library, iPod, Blackberry, iPad and computer in America.”
The bill – authored by Rep. Barney Frank, D- Mass. – would not only override existing federal and state laws prohibiting gambling, it would give the government extraordinary access to personal information, as well as to tax the Internet.
Watch the markup hearing Wednesday.
FOR MORE INFORMATION
Read H.R. 2267 – Rep. Frank – Overturns UIGEA, legalizes Internet gambling.
Read Chad Hill’s blog post, “Internet gambling costs what?”
Read Chad Hill’s blog post, “Stossel, libertarians supporting Big Government, more taxes?”
Read Chad Hill’s blog post, “Ballpark Franks and Gambling.”
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