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Saturday, July 18, 2020

Democrats: 30% Tax On Guns and 50% Tax On Ammo Purchases



The Looney Left Report

If there wasn't a good reason why President Trump must be re-elected and that the GOP must retain control of the U.S. Senate, well, here's one.

The Democrats are trying to skirt the Second Amendment by levying a 30% tax on all guns and a 50% tax on ammunition purchases.  Additionally, they will require a federal license to purchase either. They have introduced H.R. 5717 to do just that.



From USA Today:
If passed it would, among other measures, require individuals to obtain a license to possess firearms, raise the minimum age for purchasing firearms and require law enforcement be notified when an individual does not pass a background check. 
Sen. Elizabeth Warren, D-Mass., introduced in February a companion bill, S. 3254. Both proposals aim to restrict a class of firearms banned from 1994 to 2004 under a federal law that expired. Companion bills are meant to “promote simultaneous consideration of a measure,” according to the Senate.  
Under H.R. 5717, firearms would be taxable at 30%, and ammunition would be taxable at 50%. A portion of these taxes would be used toward gun violence prevention research. We rate this claim as TRUE because it is supported by our research.

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