Harry Reid: Tax Cuts Are Good, but Online Poker Is Great

It's always fun to see the all the different sorts of garbage that members of Congress try to slip into must-pass bills. The new tax cuts compromise between Republicans and the President marks precisely that sort of legislation. So what's Senate Majority Leader Harry Reid's (D-NV) contribution? He wants to legalize online poker. Kenneth P. Vogel & Manu Raju of Politico report that Republicans might not let it happen, however:

"The House Republicans will go crazy if this is in the bill," said one senior congressional aide, declaring it "a total, 100 percent payback" for the support Reid received from gambling interests. The aide asserted that lobbyists for the Las Vegas-based casino operator Harrah's, now known as Caesars Entertainment Corp., even helped write the legislation.

"You could call him 'Harrah Reid' at this point," the aide quipped.

I'm looking forward to hearing Reid argue how online poker will create lots of jobs, and thus is a logical addition to the massive tax cuts bill.

Read the full story at Politico.


Quick Update: Reid's poker measure has failed. He'll have to fight for it in the next Congress, which won't be easy as the incoming House Financial Services Chairman Spencer Bachus is strongly opposed to the legislation.

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Daniel Indiviglio was an associate editor at The Atlantic from 2009 through 2011. He is now the Washington, D.C.-based columnist for Reuters Breakingviews. He is also a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. More

Indiviglio has also written for Forbes. Prior to becoming a journalist, he spent several years working as an investment banker and a consultant.

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