HR 2268, now HR 4976, aka the McDermott Bill, aka the Internet Gambling Regulation and Tax Enforcement Act of 2009 2010, got re-introduced yesterday … it’s pretty similar to IGRTEA 2009, with two key differences:

IGRTEA 2010 specifies money for states and tribes — 6 percent — and attaches a dollar amount for a specific beneficiary, roughly $1 billion a year for foster-care programs. It’s being pitched as a sin tax, really — a simple addition to the tax code to allow one more group of disadvantaged youth to still get its government cheese. But if that’s the road they’re going down, perhaps they should earmark the $1 billion/year these kids will get from PokerTaxes.net as being for foster kids with cancer and cleft palettes? How can you be against helping foster children make that abused foster children with cancer and cleft palettes.

Here’s the actual bill itself. Just three co-sponsors out the gate, one of them being Barney Frank.

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