[HR6501] Rep. Jim McDermott – Cosponsor the Investing in our Human Resources Act (07/15/08)

July 16th, 2008


July 15, 2008 Cosponsor the Investing in our Human Resources Act Dear Colleague: Critical needs in America are going unmet. A sign of a well-functioning society is the opportunity for upward economic mobility, particularly for those on the lower rungs of the economic ladder. Americans need new opportunities in a transitioning economy: opportunities like job training for workers learning new skills, and educational assistance for foster children. The Investing in our Human Resources Act (IHRA) would invest in America’s human resources to encourage personal economic growth for individuals of modest means. To do so, IHRA would devote up to $40 billion for the provision of education and training for workers transitioning from old-economy jobs into 21st century employment, and expanded access to education to individuals currently or formerly in foster care. Both of these populations experience heightened difficulties in accessing education and job training, compared to the general population. Importantly, the IHRA would not increase the federal deficit, as it would utilize a funding stream that would become available should Congress decide to regulate internet gambling. Revenues generated by internet wagers that are legal and regulated would be deposited into a newly-created Transitional Assistance Trust Fund. Money from this trust fund would be made available to states and territories, based on population, for the purposes of funding state programs that: • Provide for expanded education and job training opportunities for individuals in or formerly in foster care. According to the Children’s Defense Fund, the Child Welfare League of America, and the Center for Law and Social Policy, youth in foster care struggle academically, with lower graduation rates, reading ability, and overall academic performance. Casey Family Programs say that only 37 percent of youth formerly in foster care attend college, compared to about 60 percent of all high school graduates. Provide, primarily through community colleges, expanded access to postsecondary education and job training opportunities for individuals transitioning out of declining economic sectors into ones with better long-term opportunities. • IHRA would also establish a Safe Internet Gambling Practices Program to promote responsible internet gambling behavior and awareness of unsafe practices. Current law aims to prohibit Americans from gambling over the internet, but attempting to govern what adults choose to do online is proving very difficult. Recent congressional hearings demonstrated the ineffectiveness of the prohibition, and estimates suggest that regulating online gambling would better protect U.S. consumers, and could bring over $40 billion into the federal treasury over the ten years. Accordingly, there is growing interest in regulating, rather than prohibiting, this fast-growing industry. IHRA would ensure that this revenue would be invested where there is a critical need: in America’s human resources. For more information or to sign on as a cosponsor, please contact Jayme White of my staff at 5-3106. Sincerely, Jim McDermott Member of Congress Projected State Allocations of Funding from IHRA State California Texas New York Florida Illinois Pennsylvania Ohio Michigan Georgia North Carolina New Jersey Virginia Washington Massachusetts Indiana Arizona Tennessee Missouri Maryland Wisconsin Minnesota Colorado Alabama South Carolina Louisiana Kentucky Puerto Rico Oregon Oklahoma Connecticut Iowa Mississippi Arkansas Kansas Utah Nevada New Mexico West Virginia Nebraska Idaho Maine New Hampshire Hawaii Rhode Island Population 36,553,215 23,904,380 19,297,729 18,251,243 12,852,548 12,432,792 11,466,917 10,071,822 9,544,750 9,061,032 8,685,920 7,712,091 6,468,424 6,449,755 6,345,289 6,338,755 6,156,719 5,878,415 5,618,344 5,601,640 5,197,621 4,861,515 4,627,851 4,407,709 4,293,204 4,241,474 3,941,459 3,747,455 3,617,316 3,502,309 2,988,046 2,918,785 2,834,797 2,775,997 2,645,330 2,565,382 1,969,915 1,812,035 1,774,571 1,499,402 1,317,207 1,315,828 1,283,388 1,057,832 Percentage Of Total Population 11.95% 7.81% 6.31% 5.97% 4.20% 4.06% 3.75% 3.29% 3.12% 3.08% 2.84% 2.52% 2.11% 2.11% 2.07% 2.07% 2.01% 1.92% 1.84% 1.83% 1.70% 1.59% 1.51% 1.44% 1.40% 1.39% 1.29% 1.23% 1.18% 1.15% 0.98% 0.95% 0.93% 0.91% 0.87% 0.84% 0.64% 0.59% 0.58% 0.49% 0.43% 0.43% 0.42% 0.35% 4 Billion (1 year) 478,000,000 312,400,000 252,400,000 238,800,000 168,000,000 162,400,000 150,000,000 131,600,000 124,800,000 123,200,000 113,600,000 100,800,000 84,400,000 84,400,000 82,800,000 82,800,000 80,400,000 76,800,000 73,600,000 73,200,000 68,000,000 63,600,000 60,400,000 57,600,000 56,000,000 55,600,000 51,600,000 49,200,000 47,200,000 46,000,000 39,200,000 38,000,000 37,200,000 36,400,000 34,800,000 33,600,000 25,600,000 23,600,000 23,200,000 19,600,000 17,200,000 17,200,000 16,800,000 14,000,000 40 Billion (10 Years) 4,780,000,000 3,124,000,000 2,524,000,000 2,388,000,000 1,680,000,000 1,624,000,000 1,500,000,000 1,316,000,000 1,248,000,000 1,232,000,000 1,136,000,000 1,008,000,000 844,000,000 844,000,000 828,000,000 828,000,000 804,000,000 768,000,000 736,000,000 732,000,000 680,000,000 636,000,000 604,000,000 576,000,000 560,000,000 556,000,000 516,000,000 492,000,000 472,000,000 460,000,000 392,000,000 380,000,000 372,000,000 364,000,000 348,000,000 336,000,000 256,000,000 236,000,000 232,000,000 196,000,000 172,000,000 172,000,000 168,000,000 140,000,000 Montana Delaware South Dakota Alaska North Dakota Vermont District of Columbia Wyoming Guam US Virgin Islands Northern Mariana Islands America Somoa 957,861 864,764 796,214 683,478 639,715 621,254 588,292 522,830 173,456 108,448 84,546 57,291 0.31% 0.28% 0.26% 0.22% 0.21% 0.20% 0.19% 0.17% 0.06% 0.04% 0.03% 0.02% 12,400,000 11,200,000 10,400,000 8,800,000 8,400,000 8,000,000 7,600,000 6,800,000 2,400,000 1,600,000 1,200,000 800,000 124,000,000 112,000,000 104,000,000 88,000,000 84,000,000 80,000,000 76,000,000 68,000,000 24,000,000 16,000,000 12,000,000 8,000,000

Author Contact Info: Rep. Jim McDermott

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