Learn and Earn Fights for Ballot
The Learn and
Earn group continues their fight to get on the November 7th
ballot with their initiative to bring slot machines to Ohio – with
some of the proceeds of those slot machines going to funding
scholarships for education. Today several political heavies weighed in
against the initiative. US Senator George Voinovich (R, Ohio),
Auditor Betty
Montgomery, Attorney General Jim Petro, as well as others have
launched their campaign to keep gambling and slot machines out of
Ohio.
They were quoted as
saying they believe that the casinos and racetrack operators are
looking to spend roughly $12 -15 million trying to get slot machines
in the door now, and gambling tables later.
"Do not be fooled,"
said Ms. Montgomery. "Learn and Earn's latest proposal, the one that
seems to be the consensus proposal of differing gambling interests, is
not an economic development tool. None of the revenue goes to state
coffers. None addresses Ohio's budget problems. Certainly, none will
give tax reductions to the citizens of the state of Ohio."
The proposal they are fighting would bring 3,500 slot
machines into Ohio, with 32% of the gross revenue going to college
scholarships for top high school students, 13% going to local
governments for economic development projects, gambling addiction
programs, etc., and 55% going into the slot machine owners’ pockets.
That amount is large enough, but then you take into consideration that
it would go into their pockets tax-free, and it really gets crazy. The
slot machine owners feel that the 45% coming off the top for these
programs would essentially be a tax, so they don’t feel that they
should have to pay any more than that. Back to
August Archive or Slot Machines |