Democrat Carolyn Maloney Pushes 20 Percent Tax on Revenue of AR-15 Makers

  • by:
  • Source: Breitbart
  • 08/23/2022
House Oversight Committee chairwoman Carolyn Maloney (D-NY) is pushing legislation that levies a 20 percent tax on AR-15 makers’ revenue.

The legislation is called the Firearms Industry Fairness Act.

NBC News reports the levy would “impose a 20% tax on the total revenue earned by manufacturers who produce assault weapons and high-capacity magazines.”

Maloney tweeted about the legislation on August 22:
  Maloney’s push to place additional taxes on AR-15 and “high capacity” magazine manufacturers comes after the House Oversight Committee’s July 27, 2022, hearings in which they questioned the CEOs of Daniel Defense and Sturm, Ruger & Co.

Breitbart News reported that the Associated Press emerged from the hearings  completely aghast the gun industry profits from selling guns.

 
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