Here's the deal - Obama says that the Federal government will not enforce Federal drug laws on marijuana dispensaries in California. But, if the deductions for doing business as a marijuana dispensary are not allowed, the Feds will be able to put them out of business as tax evaders.The IRS disallowed the Alliance's deductions -- for buying marijuana, hiring employees, securing office space and more -- based on Section 280E of the federal tax code, which says no deductions are allowed for any business "trafficking in controlled substances."
Very sneaky move, Barack.
I would like to see some responses from the Tea Party in here. It is my belief that they will denounce this move by Obama's administration for what it is - An abuse of Federal power. In fact, I believe that we may even find some agreement from people on opposite sides of the political spectrum here.
Article is here.