Congress might roll dice, legalize online gambling
By staff and wire services reports
May 19th, 2010
A push to rewrite federal law to legalize internet gambling, banned since 2006, is gaining traction as politicians eye billions in additional tax revenue, CNET reports. At least some politicos are taking those arguments seriously. The U.S. House of Representatives committee charged with writing tax laws will hold a hearing on May 19 to consider a trio of legalization-and-taxation proposals. Rep. Barney Frank, D-Mass., is the author of H.R. 2267, which would allow internet casinos to obtain licenses from and be regulated by the federal government. A related bill, H.R. 2268, would impose a 2-percent federal "internet...
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