Congressman Blumenauer Addresses IRS vs. Legal Marijuana This Saturday

Russ Belville
Host of The Russ Belville Show Posted: 09/09/2014

Congressman Earl Blumenauer (D-OR) is well-known in Washington DC for his bow ties and dedication to bicycling. Yet this quintessentially liberal environmentalist from Portland teamed up last year with the conservative head of Americans for Tax Reform, Grover Norquist, to call for sweeping changes to US tax laws.

The subject that brought this odd couple together is the application of a section of IRS tax code known as 280-E. This statute, ushered in during the days of the wild 1980’s cocaine trade made famous in the hit show “Miami Vice”, forbids alleged drug kingpins from deducting their customary costs of doing business on their taxes.

http://www.huffingtonpost.com/russ-belville/congressman-blumenauer-ad_b_5792190.html