HB 26-12: The Taxing Cannabis Act of 2020 (Failed) (user search)
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  HB 26-12: The Taxing Cannabis Act of 2020 (Failed) (search mode)
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Author Topic: HB 26-12: The Taxing Cannabis Act of 2020 (Failed)  (Read 1361 times)
SevenEleven
Junior Chimp
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Posts: 5,603
« on: October 04, 2020, 01:10:26 AM »
Nay.
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SevenEleven
Junior Chimp
*****
Posts: 5,603
« Reply #1 on: October 12, 2020, 08:13:57 PM »
Quote from: Rep. Spark on October 12, 2020, 08:09:41 PM
Mr. Speaker,

I remain in favor of the legalization of marijuana, but we all know that regressive taxes like these hurt the working class. I cannot support such an exorbitant tax.

I yield my time. 

It's a 5% tax on recreational marijuana...there's nothing exorbitant about that. A federal tax will serve to keep business owners away from any shadier dealings.
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SevenEleven
Junior Chimp
*****
Posts: 5,603
« Reply #2 on: October 12, 2020, 08:53:51 PM »
Quote from: Rep Jessica on October 12, 2020, 08:35:53 PM
Quote from: sev on October 12, 2020, 08:13:57 PM
Quote from: Rep. Spark on October 12, 2020, 08:09:41 PM
Mr. Speaker,

I remain in favor of the legalization of marijuana, but we all know that regressive taxes like these hurt the working class. I cannot support such an exorbitant tax.

I yield my time. 

It's a 5% tax on recreational marijuana...there's nothing exorbitant about that. A federal tax will serve to keep business owners away from any shadier dealings.

It's 15%, my amendment failed.

Either way, whether it's $105 or $115, that's a rather miniscule amount in the grand scheme of things.
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