Full article is at the link here. Intro to new piece for thehill.com is:
Want to legalize marijuana federally? Propose sensible taxes on the drug.
That’s the tactic of a new bill from two Oregon Democrats: House Ways
and Means Committee member Earl Blumenauer and ranking Senate Finance Committee member Ron Wyden. It takes on tough questions: What should a marijuana tax measure? Should it tax medical marijuana? The Marijuana Revenue and Regulation Act (MRRA) provides thoughtful answers.
What to tax?
The 64-page bill, S. 776, and House companions H.R. 1823 and 1841, starts out problematically, taxing marijuana by price for a five-year transition period, but ends up brilliantly, with sophisticated weight-based taxes for the long run. A companion bill repeals the useful current tax on advertising.
Thanks to Joe Murphy, member of the Center for New Revenue Board of Advisors, for sitting down with me for hours about a week ago to help make this understandable.