S3108: New Online Poker Legislation Introduced for US
Written by Renee K | Thursday, February 25th, 2010
In the constant efforts to get online poker and gambling legalized in the United States, a new bill was introduced by lawmakers. Senators Ron Wyden and Judd Gregg made efforts to advance their Bipartisan Tax Fairness and Simplification Act, which focuses on a number of issues, including the taxation and regulation of internet wagering on a national level.
The legislation, known as S3018, will replace the Alternative Minimum Tax and provide tax breaks on a mainstream level. The bill addresses the areas and taxation and regulation of online poker in the United States.
“These simplifications alone will make it possible for most taxpayers to file a simple one-page 1040 form and in an effort to make paying taxes even simpler, individuals and families can request that the IRS prepare a tax return for them to review and sign,” explained Judd Gregg.
In a press release issued by the Safe and Secure Internet Gambling Initiative, a spokesman congratulated the two senators for addressing the issue. “With so much media focus on the differences between Democrats and Republicans in Congress, this bipartisan initiative highlights the growing support on both ends of Capitol Hill for replacing the failed prohibition on internet gambling with a system to regulate the industry, protect consumers, and generate billions in new revenue,” said the spokesman.
“We applaud Senators Wyden and Gregg for taking the initiative to address and drive this issue,” he added.
Senator Ron Wyden has been active for several years in his efforts to push for a legalized online gambling environment in the United States. He called for an amendment to existing legislation that would see income generated from internet poker used to support health care reform in the country. While he eventually withdrew the proposal, it is still believed that efforts made by politicians such as Wyden and Gregg will eventually lead to normalized poker and gambling industry in the United States.
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· Written by Renee K · Filed Under Poker Gossip · Comments Off
