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In his economic package to help the victims of hurricane Katrina, President Bush has included approximately a half-billion (yes, billion) dollars in tax credits for the casinos on the Gulf Coast.
In the past, government has avoided including the gambling industry in government aid programs. But the President now proposes, in his Gulf Opportunity Zone (GO Zone) package, to take that half-billion from tax payers and give it to the gambling industry.
Here is the kicker: The casinos didn?t even ask for the tax credits!
?The casinos don?t need this,? said William F. Shughart II, an economist at the University of Mississippi. ?If they (casinos) are [eligible], that would be a complete waste of money.?
Please email your Representative and ask him or her to support the effort by Rep. Frank Wolf of Virginia to strip the casino tax-credits from the GO Zone legislation. The casinos on the Mississippi Gulf Coast don?t need this windfall. They were making $5,000,000 a day before Katrina!
The Republicans have been courting the gambling industry for years, and this appears to be an effort to bring that alliance even closer.
For those to lazy to click link.
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