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WASHINGTON, July 16 /PRNewswire-USNewswire/ — Rep. Jim McDermott (D-Wash.) introduced legislation yesterday that directs a potential $40 billion over the next 10 years to be spent on job training for those in the declining sectors of the economy and educational assistance for foster care youth. The legislation, Investing in our Human Resources Act of 2008 (H.R. 6501), would be funded through new revenue generated by regulated Internet gambling activities.

We have an ideal opportunity to invest billions of dollars in American workers and our struggling economy without increasing the federal deficit, said Rep. McDermott in speaking about the Investing in our Human Resources Act (IHRA). IHRA would utilize a funding stream that would become available should Congress decide to legalize and regulate Internet gambling, which would protect consumers and collect tax revenue that is currently offshore.

A provision in the legislation also encourages responsible Internet gambling behavior and an awareness of unsafe practices, something which has been praised by problem gambling advocates.

I believe that the McDermott bill could be a positive step to help raise awareness about the dangers of unsafe gambling practices and the availability of addiction treatment, stated the Executive Director of the National Council on Problem Gambling Keith Whyte.

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Congress Moves to Dedicate $40 Billion in Internet Gambling Revenue for Job Training and Foster Care Programs - Yahoo! News

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