Barack Obama is in Montana today — where he\’ll be cavorting with Sen. Max Baucus (D-MT)*, who is chairman of the Senate Finance Committee, and therefore has to come up with ways to fund any major health care reform. A daunting challenge to be sure, but a good time to float the possibility of floating Sen. Robert Menendez\’s (D-NJ) online poker bill as a potential source of much-needed revenue.
An op-ed in today\’s Missoulian — titled \”Fund reform with Net poker tax\” — does exactly that:
Instead of raising taxes during an economic slump to pay for these programs, what if Baucus and his colleagues could collect revenue that\’s currently going to other countries from an industry that\’s ready and willing to be taxed?
That industry is Internet poker, and Baucus can help make this a reality by supporting his colleague from New Jersey, Sen. Bob Menendez, who recently introduced a bill to license and regulate online games of skill such as Internet poker.
According to recent economic studies, tax revenue from licensing will add billions to the U.S. Treasury. Projections have shown that as much as $3 billion annually could be raised through Internet poker, which can be used to help fund key domestic priorities, like health care.
If the Dems are serious about passing Obamacare, then they should have a hard time turning their back on a few billion to pay for it annually. Of course, as we know, politics is seldom about what makes sense.
* Not to be confused with the strongly anti-poker Rep. Spencer Bachus (R-AL).
