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WASHINGTON — If Internet gambling is legalized and taxed, Nevada could receive more than $300 million during the next decade to boost education and job training for foster children in the state, according to advocates of a bill introduced this week in the House.

Rep. Jim McDermott, D-Wash., who offered the bill, described it as a revision of legislation he introduced last year to tax Internet gambling companies if they are licensed and regulated by the Department of Treasury.

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At a time when most economic news is bleak, maybe we can take a tip from England, and the British Open bets that will be placed this week with that nation’s legal bookmakers. There, winnings are easily taxed.

Here? More and more sports wagering is conducted online, through offshore websites.

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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.

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