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Billionaire real estate mogul Donald Trump wants to get into the online gambling business, and his daughter Ivanka Trump, executive vice president of development and acquisitions for the Trump Organization, suggests it would be a revenue generator for governments.
Critics argue, however, that an online gambling bill sponsored by Texas Republican Rep. Joe Barton would actually divert critical revenue away from the states, and to the federal government.
Barton’s bill would legalize online gambling on a federal level. Trump is said to be lobbying hard for its passage.
“It would be a tremendous source of taxable revenue for states or the federal government and an enormous generator of jobs,” Ivanka Trump recently declared.
The House Energy and Commerce Committee is currently weighing the merits of federal regulation of the online gambling business, but opponents worry revenue would be deprived from states if the bill passes. The battle is fierce, as current economic hardships have both the states and the federal government strapped for cash.
Read entire article here.
Critics argue, however, that an online gambling bill sponsored by Texas Republican Rep. Joe Barton would actually divert critical revenue away from the states, and to the federal government.
Barton’s bill would legalize online gambling on a federal level. Trump is said to be lobbying hard for its passage.
“It would be a tremendous source of taxable revenue for states or the federal government and an enormous generator of jobs,” Ivanka Trump recently declared.
The House Energy and Commerce Committee is currently weighing the merits of federal regulation of the online gambling business, but opponents worry revenue would be deprived from states if the bill passes. The battle is fierce, as current economic hardships have both the states and the federal government strapped for cash.
Read entire article here.