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#1
07-30-2008, 05:37 PM
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NTRA gets Withholding Elimination Bill Sponsor
Peggy Hendershot has been working on this for a long while... May be getting it done finally... On ATR as we speak.
http://www.drf.com/news/article/96835.html Bill would eliminate withholding tax By MATT HEGARTY Rep. Charles Boustany Jr., a Republican from Louisiana, has introduced a bill in the U.S. House of Representatives that would eliminate the withholding tax on parimutuel winnings of $5,000 or more for bets that pay off at odds of greater than 300-1.
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans 
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#2
07-30-2008, 06:07 PM
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It is great that the bill was filed. However, it has about a zero percent chance of passage. The fact that the NTRA could not get a Democratic co-sponsor for the bill speaks volumes about its fate. With Republicans in the minority, no bill, regardless of subject or merit, will see the light of day without Democratic support.
Paul
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