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Pass-through income, the changes to the estate tax exempting more income from tax, the breaks for real estate in this bill, there is no way if the president has any semblance of the wealth that he claims that he s not going to come out way ahead in this bill. the wouldn t here is that if you re sitting on a bunch of buildings that are throwing off passive income, like a real estate mogul, all of a sudden you just got an enormous once in a lifetime tax boon. that s what just happened today. no one is going to benefit more in some ways than a person who s situated in precisely that way. right. now look, i think it s worth saying that many republicans, and i would put paul ryan in this group, sincerely believe that lower taxes are better for the economy. and related to that, this gets to what we re going to see next year, they want government to be smaller. so in terms of the issue of the deficit, you were talking with senator tester about the ....
i mean, is that possible? the only way that that is possible is if the president is a lot poorer than he has told us. but look, i think it is not possible. and you know, when sarah sanders says on the personal side, remember, those pass-through rates are on the personal side. so when you take the reduction in the top rate, the pass-through income, the changes to the estate tax exempting more income from tax, the breaks for real estate in this bill, there is no way if the president has any semblance of the wealth that he claims that he s not going to come out way ahead in this bill. the wouldn t here is that if you re sitting on a bunch of buildings that are throwing off passive income, like a real estate mogul, all of a sudden you just got an enormous once in a lifetime tax boon. that s what just happened today. no one is going to benefit more in some ways than a person who s situated in precisely that way. right. ....
Let s move on here about the marijuana being the business buzz in colorado. pun intended there. business by the name of annie s has received the first license to sell marijuana for recreational use. voters in colorado approved the limited sale and possession of pot back in 2012. annie s plans to open its doors on new year as day. and that s when the measure becomes law. however, federal agents are making raids on dispensaries. this is going to be a tax boon for the state of colorado. they re going to make some money off of that, of course. we ll see who is going to follow suit after that. okay, this is on my facebook page. please chime in and tell me what you think about it. the holiday ad is out. kmart causing a little bit of a stir. [ applause ] [ bells ringing ] ....