Casino Lobbyists Threaten Consequences from State Taxation Hike - 2004-01-12
The latest "taxfest" on casinos will be counterproductive, the casino industry's top lobbyist warned lawmakers from gaming states on Friday.
Frank Fahrenkopf, head of the Washington, D.C.-based American Gaming Association, cited Illinois, which increased its top marginal tax rate to 70 percent, and prospective racino states like Maryland and Pennsylvania, where lawmakers toyed with tax rates nearing 60 percent.
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