WASHINGTON, DC (CBS4)– The House Rules Committee met early Wednesday morning on Capitol Hill where two representatives from Colorado sparred over a proposed deduction.

Rep. Jared Polis, a Democrat, proposed a deduction for the marijuana industry to the tax overhaul bill. He claimed that the industry is taxed at 70 percent.

buck polis pot 12vo frame 194 Colorado Congressmen Spar Over Marijuana Tax Deduction Proposal

Rep. Jared Polis (D) Colorado (credit: CBS)

“That’s a very urgent one regarding the deduct-ability of legal business expenses for marijuana businesses. Again, nothing to do with the legalization of marijuana, nothing to do with legal status of marijuana,” said Polis.

RELATED STORIES: Marijuana Legalization Story Archive

buck polis pot 12vo frame 273 Colorado Congressmen Spar Over Marijuana Tax Deduction Proposal

Rep. Ken Buck (R) Colorado (credit: CBS)

Rep. Ken Buck, a Republican, pushed back, “We have a black market and a gray market in Colorado and other states that exists because the cost of producing marijuana illegally is far below the cost of producing marijuana legally in a regulated market. It makes no sense.”

At one point, Buck even called it a poison pill for the bill, prompting one Democrat to say that was a reason to vote for it. In the end, it didn’t get approval.

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