A Republican congressional candidate suggested that gun stores could avoid taxes on rifles.
Stores are allowed to sell a Snickers bar for $950, while also selling an assault rifle for $1.
The store would charge a $10 excise tax and not have to pay the tax on the rifle.
A Republican candidate for Congress claimed this week that there was a way for gun stores to avoid taxes on rifles.
In response to Insider's reporting on the potential gun tax, Errol Webber, a Republican congressional candidate for California's 47th district, said on Monday that he would not support a tax on guns.
The bill would impose a fee on assault weapons, which would likely restrict access to them without being an absolute ban.
The Democratic lawmaker's proposal would mean that the tax on a new AR-15 could be as high as $20,000. The gun used in the school shooting in Uvalde, Texas, was the AR-15, and it was the one used in the shooting.
It's intended to give another way to make sensible gun control happen. A 1,000% fee on assault weapons is just the kind of restriction that creates enough fiscal impact to qualify for reconciliation.
However, he seemed to have found a way to get around it.
There is a simple solution to this problem. The owners of gun stores need to sell a "Fun-sized" Snickers bar for $950.
The customer wouldn't be able to request a refund if they ate the candy bar at the store.
Sell the rifle for $1. The excise tax needs to be charged.
It wouldn't work. The gun store wouldn't be able to exploit any regulatory loophole because the tax on manufacturers, producers, and importers is imposed by the bill.
The bill is being pushed through the reconciliation process which only requires a simple majority.
A bipartisan bill on mental health, red-flag laws, and expanded background checks is being worked on by the Senate while Congress works on an expanded gun safety package. President Joe Biden has called for more restrictions on assault weapons.
Business Insider has an article on it.
All Rights Reserved © 2024
