McDermott bill would use revenue from online gaming tax for foster kids

Rep. Jim McDermott will introduce legislation today to tax online gambling and send the proceeds to foster care.

McDermott’s bill, an updated version of legislation he introduced early last year, also would give 6 percent of online gaming taxes earned within their borders to state and tribal governments.

McDermott (D-Wash.) said he made the changes because state government budgets have been hit hard by the recession and social services, like children’s health insurance, are suffering.

“The major reason is to make it possible for states to have access to online gambling revenue,” McDermott, a member of the Ways and Means Committee, told The Hill.

Take a look at the full story from today's paper.