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[Press Release] Statement from Poker Players Alliance on House Ways and Means Hearing on Internet Poker Tax Bill (05/19/10)

[Press Release] Statement from Poker Players Alliance on House Ways and Means Hearing on Internet Poker Tax Bill (05/19/10)

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Washington, DC (May 19, 2010) - John Pappas, Executive Director of the Poker Players Alliance (PPA), the leading poker grassroots advocacy group, with more than one million members nationwide, today released the following statement on the House Ways and Means Committee hearing on HR 4976, the Internet Gambling Regulation and Tax Enforcement Act of 2010.
Washington, DC (May 19, 2010) - John Pappas, Executive Director of the Poker Players Alliance (PPA), the leading poker grassroots advocacy group, with more than one million members nationwide, today released the following statement on the House Ways and Means Committee hearing on HR 4976, the Internet Gambling Regulation and Tax Enforcement Act of 2010.

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Published by: pokerplayersalliance on May 19, 2010
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05/12/2014

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NEWS RELEASEFor Immediate Distribution
Contact:Teresa Schofieldtschofield@theheraldgroup.com(202) 347-7947
Statement from Poker Players Alliance onHouse Ways and Means Hearing on Internet Poker Tax Bill
Washington, DC (May 19, 2010)
– John Pappas, Executive Director of the Poker PlayersAlliance (PPA), the leading poker grassroots advocacy group, with more than one millionmembers nationwide, today released the following statement on the House Ways and MeansCommittee hearing on HR 4976, the Internet Gambling Regulation and Tax Enforcement Act of 2010.“Today’s hearing underscores the increasing Congressional interest in a licensed and regulatedonline gaming environment. While the robust consumer protections provided by regulation arethe biggest selling point, in the current economic environment, additional tax revenue derivedfrom a licensed industry is certainly appealing as well.“It is important to note that this bill would not levy a new tax on poker players. Rather, itrequires each licensed Internet gambling operator to pay a licensing fee – nothing would bededucted from a player’s deposit. Individuals would be required to pay annual income taxes ontheir net winnings, just like professional players report income today.“The PPA is working to remove language from the bill that would fine players who play onunlicensed sites as we firmly believe the unlicensed sites should bear the full consequences of not obtaining a license in the U.S.“We thank the Committee for holding this important hearing today. We look forward to asuccessful mark up of legislation to license and regulate online gaming in July in the HouseFinancial Services Committee.”
 About The Poker Players Alliance
The Poker Players Alliance ( www.theppa.org 
 
 )is a nonprofit membership organization comprised of over 1,000,000online and offline poker players and enthusiasts from around the United States who have joined together to speak with one voice to promote the game and to protect poker players’ rights.### 

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