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Marijuana. a lot of it unjustified. some of them are justified. this is issue of big industry. we are not going to have a tobacco industry that lied for 80 years to kids and said cigarettes are medicine and had doctors in their ads. when i worked in washington, the alcohol industry is huge. they fight every tax increase tooth and nail. beer ads are good because they are meant to hook kids. >> i think that, i totally agree with you. i think your earlier point about decriminalization is important....

What is the federal government going to do about it? it is clearly the case that marijuana is still an illegal drug according to federal law, selling it, trafficking it, doing all the things that are legal under federal law. now this huge question arises. having worked in the white house on this issue, what is the obama administration going to do? >> the president has been clear hes against legalization. we know we are going to have a cheaper drug, more people are going to use it. its going to b...

Tax is paid by labor. >> some of it, yes. >> the question is, how much? >> to me, the thing, bruce, i want you to respond to this. whatever taxes are now, they should be lower. it cannot be the case that it is always true of the current tax rate that it is too high. to me, it is genuinely the argument that is being made. it cannot comport to reality when you succeed in cutting taxes. bruce. >> one of the things about the people that they do is try to shift the debate over on to corporations. the...

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In the open. cigarette smoking and the impact of reducing young peoples taking up cigarettes. >> david? >> i want to pick up what maya mentioned. a concern i have is the question of legalization of marijuana can overshadow the subissues we were talking about. the drug use and effects it has. >> disproportionate facts on latinos. >> in california. >> in dealing with, you know, the health issues. sometimes i think the debate is like legalization, like we were talking earlier. cutting taxes could s...

Who holds what over in the primaries and whether republicans feel being in office is more important than doing the right thing. thats what the question is. we have seen a lot of tea party candidates win primaries. it cost them senate sees this year. thats the discussion. whether its the tea party or grover or both, thats the discussion. the one thing i take you to task about is you left out the military spending side. the role that two wars unpaid for have played in the run up as well as a drug ...

The colorado model theres a basis for what many think is the future of marijuana. theres an interesting clash of cultures. big businesses profiting in colorado, all the talent is what developed under prohibition. the morning commute is guys in suits next to guys in sweat pants. its stoners and investors side by side. its going to change but not in the near term. >> as recently as the 70s. the tobacco companies had evidence they were interested in getting into this. we have the fields to grow it,...

Together. >> bruce, do you think theres a case to be made to fellow conservatives about raising taxes here? >> yes. first of all, the -- one of the problems with the norquist if you raise the taxes, theres -- shes incorrect. shes assuming the taxes will rise to pay for spending. narquist will not allow it to happen. it used to be the main constraint was the fear it would lead to higher taxes. if it never arise, you can have your cake and eat it too. we reduced the tax cost of spending. if you lo...

Colorado. denver does have black folk and latinos. i have seen them. and they have four five and up to 13 times incarceration rates even with lower usage. what happens? your point of this experiment is its going to be important to look at race. in that time thereve been some good days. and some difficult ones. but, through it all, weve persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, weve been helping ideas mo...