Internet gambling tax to pay for health care?

Democrats are pulling out all the stops to push for government-run health care. A Democratic senator thinks government regulation and taxing of Internet gambling could help pay for part of the massive cost of Obamacare.

An amendment offered by Sen. Ron Wyden (D-OR) would dedicate Internet gambling tax revenue generated through implementation of the currently pending Internet Regulation, Consumer Protection and Enforcement Act (H.R. 2267) to increase low-income subsidies provided through the America's Healthy Future Act of 2009, according to a group called the Safe and Secure Internet Gambling Initiative.

I wonder if Obamacare will cover addiction to Internet gambling?

A PricewaterhouseCoopers analysis shows that collecting taxes on regulated Internet gambling would allow the U.S. to capture up to $62.7 billion over the next decade, says the Safe and Secure Internet Gambling Initiative.

"We applaud Senator Wyden's proposal to collect and put to good use tens of billions in Internet gambling revenue that would otherwise be lost in the underground marketplace," said Michael Waxman, spokesperson for the Safe and Secure Internet Gambling Initiative. "The Senate Finance Committee should approve the resolution, finally putting to an end a failed prohibition on Internet gambling that leaves Americans unprotected and unlicensed offshore operators as the only beneficiary in a thriving marketplace."

The Internet Gambling Regulation, Consumer Protection and Enforcement Act of 2009 (H.R. 2267), introduced in May by House Committee on Financial Services Chairman Barney Frank (D-MA), would establish a framework to permit licensed gambling operators to accept wagers from individuals in the U.S., says the Safe and Secure Internet Gambling Initiative.

Is this the same Barney Frank who presided over the financial collapse of the past year? And just one more question: If Obamcare will cost at least $1 trillion, how is $62 billion going to cover the cost? I'm sure Barack Obama and Barney Frank have it all figured out.

Senator Proposes Use of Internet Gambling Revenue to Help Fund Health Care Reform