Pot Tax Pairing Brings Norquist in Line With Democrat

[xchrom]

http://www.bloomberg.com/news/2013-09-12/pot-tax-pairing-brings-norquist-in-line-with-democrat.html

Anti-tax advocate Grover Norquist has found a sliver of common ground with one of the Democrats he routinely denounces: marijuana taxation.

Norquist, the president of Americans for Tax Reform, held a news conference today with Representative Earl Blumenauer of Oregon, who has introduced bills this year such as the End Big Oil Tax Subsidies Act of 2013.

Norquist and Blumenauer -- who appeared at a 2011 comedy contest -- want to change a 1982 federal law that prohibits marijuana businesses from deducting ordinary expenses such as wages and health-care premiums. That rule effectively imposes the corporate income tax on more than their profits.

“It is just lunacy in terms of what you force businesses to do,” said Blumenauer, who said he supports treating marijuana like alcohol, which is legal, subject to federal excise taxes and various state rules.

[eridani]

1. Ironically, we are using this in WA State to advocate for a state bank

Since B0fA won't hold the tax money, a state bank is an obvious alternative.

[otherone]

2. good idea

:kick: