||NTRA Legislative Update - January 2004
With support from the racing community and members of the NTRA
Political Action Committee (PAC) Board – Bill Casner, C. Steve Duncker,
Don Dizney, William S. Farish Jr., Thomas Gaines, Lucy Young Boutin Hamilton,
John C. Harris, Bob Manfuso and Bob Strauss – the NTRA PAC raised
more than $340,000 in 2003.
The NTRA PAC was formed to make targeted contributions to federal candidates
and political parties. It is funded through voluntary contributions from
individuals, who may annually contribute up to $5,000 per person or $10,000
Over the past year, through visits to numerous Members of Congress and
their staffs, as well as nearly $150,000 in PAC contributions to key legislators,
we have made substantial progress in building awareness of the Thoroughbred
racing and breeding industry on Capitol Hill.
We have also grown membership in the Congressional Horse Caucus by 54
percent in 2003. The Caucus, which now includes 59 members from 23 states,
enables us to present our industry issues to a wide range of Congressional
Representatives whose legislative districts are home to, or impacted by,
horse racing and breeding.
The legislative process requires patience, preparation and above all,
perseverance. When Congress reconvenes, we will again renew our efforts
to secure passage of our bill to eliminate the 30 percent withholding
tax on foreign wagers and to safeguard our legal, $12 billion simulcasting
and account wagering market, which is threatened by opponents of Internet
gaming. We will also continue to seek legislative measures that will provide
tax relief to horse owners and breeders, as well as the horseplayers whose
pari-mutuel wagering dollars support our industry’s infrastructure.
With an election year upon us, we anticipate a great deal of PAC activity.
Thanks to the support of horsemen nationwide, have built a strong foundation
for the PAC and are well positioned to make strategic contributions to
federal candidates in the coming months. We begin 2004 with nearly $240,000
in our PAC fund (reflecting contributions from 2002 and 2003), a good
head start to an important election year.
For more information on the NTRA’s legislative programs and the
NTRA PAC, contact Peggy Hendershot at the NTRA (800) 792-NTRA, or e-mail