HR8167:
https://www.congress.gov/bill/117th-con ... /8167/text
The goal is to excise the 10% excise tax on handgun purchases and the 11% excise tax on long, ammo, and archery purchases that provide funding for the Pittman-Robertson Wildlife Restoration Act (16 U.S.C. 669b(a)) from the Internal Revenue Code of 1986.
Some of the funds have been put to good use in conservation, and the bill has pitted conservationists against those who believe rights should not be taxed. My guess is, though, alleged misuse of existing revenue and Democratic braying about increasing the taxes and using them to fund firearm prohibition, sold as doing something about "gun violence," is what prompted this bill.
Here is a fun paper on how the revenue is used:
https://www.jstor.org/stable/27100579#m ... b_contents
Re: 58 House Republicans sponsor bill to repeal federal firearm, ammo excise tax, NFA transfer tax
2Truth be told, I did not know that archery also paid the excise tax; I spent more on archery in 2021 than on firearms. You all know I still have that bullet, so I needed that dozen of arrows more. Still got 'em, but some of the fletching is getting ragged now, as the ramp on my bow eats up one out of the three. I don't want to go with any rests like flippers because they're way wimpy. This is a working bow so must be rugged. Might have to go in and repair those fletches, though.
CDFingers
CDFingers
Crazy cat peekin' through a lace bandana
like a one-eyed Cheshire, like a diamond-eyed Jack
like a one-eyed Cheshire, like a diamond-eyed Jack
Re: 58 House Republicans sponsor bill to repeal federal firearm, ammo excise tax, NFA transfer tax
3I agree the talk of $1000 ammo by dems.
Re: 58 House Republicans sponsor bill to repeal federal firearm, ammo excise tax, NFA transfer tax
4It's an election year, I'd expect Republicans to sponsor bills to get votes just like Democrats will this election year. And I also realize the bills aren't going anywhere. It's all about whoring for votes in November.
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan