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The Suite Blog >> February, 2008
Blog Entry of the Month: One thing that always seems to get the attention of the U.S. Congress are the numbers. And when I say numbers, I don't necessarily mean a head-count. If you know anything about the ways of the World, you would know I'm talking about the numbers of money. You know, Texas Tea, cold cash, the Benjamin's. That being the case, it sounds like good news, if any, that Price Waterhouse Coopers has published a report on the lost tax revenues the U.S. government could be reaping. According to the accredited accounting firm, approximately $8.7 to $42.8 billion could be earned in tax revenue over the course of the first ten years of regulating online gambling in the U.S. And while it's no surprise the conservative Bush office would not budge in overturning the online gambling prohibition, let us remind ourselves that a new election is around the corner. More and more members of Congress are pledging their support for Barney Frank's Internet Gambling and Regulation Enforcement Act, while Congressman Jim McDermott's companion bill, the Internet Gambling Regulation and Tax Enforcement Act, now has some impressive figures to draw more light on this hot topic. Millions of U.S. citizens continue to gamble online, not withstanding the fact that they are unprotected by their own government. It's not hard to do the math. Remember the numbers? Well, then, Congress should be good at that.
 
 


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