“Assault Weapon” Tax Credit Bill would Encourage Manufacturers

Mar 7, 2016 | 0 comments

Representative Rosa DeLauroDemocrats in the House of representatives are expected to reintroduce legislation that would grant a federal $2,000 tax credit for turning in a gun to a local, state, or federal government authority. The guns listed normally sell for far less than $2,000. There are many millions of them legally possessed by individuals. Admittedly, even if the bill were passed, it is unlikely that more than a few million people would take advantage of it, so the drain on the Treasury wold be less than 20 billion dollars. That is hardly noticeable in our …read more