National Firearms Act Modernization Act
BY Herschel Smith
3 years, 7 months ago
On April 8, U.S. Rep. Jamie Raskin, D-Md., announced two new gun control proposals, H.R. 2426 and H.R. 2427. The former deals with making it illegal to give a firearm to someone who has had their state license to possess or purchase firearms revoked. The latter is termed the National Firearms Act Modernization Act and aims to increase the tax rates on NFA-regulated items such as machine guns, short-barreled rifles and shotguns, and suppressors.
Noting that the tax amounts in the NFA, established in 1934, have not changed since enacted – for instance, $200 in 1934 would be the equivalent of $3,925 in 2021 – Raskin’s proposal would immediately bump the rates by 50 percent. This would make the basic $200 tax stamps on most NFA transfers $300 moving forward. After that, the rate would increase in line annually with the federal cost-of-living adjustment.
At the same time that Raskin’s tax spike scheme was being unveiled, President Biden was announcing he would order the Justice Department to issue a proposed rule within 60 days, “to make clear when a device marketed as a stabilizing brace effectively turns a pistol into a short-barreled rifle subject to the requirements of the National Firearms Act.”
Just keeping you informed. This is what your betters expect you to do.
On April 15, 2021 at 8:07 am, Ghostinflyover said:
They may hold all the expectations they care to, in the end they will be disappointed.
On April 15, 2021 at 8:41 am, Ned2 said:
The non-compliance coming will surprise the crap out of them.
The compliance rate for new gun laws in states like Md, Ct and Ca has been around 15%.
I predict the national rate would be 1% to 3%.
BFYTW
On April 15, 2021 at 10:52 am, Frank Clarke said:
Meanwhile, in Stockholm, suppressors can be had (if they’re on sale) for about $40 including VAT.
On April 15, 2021 at 4:04 pm, Ned2 said:
Don’t know if they ship to the US:
https://stalonsilencer.com/silencers/
They might be able to ship “parts”?
On April 15, 2021 at 9:28 pm, GomeznSA said:
I’m gonna venture a guess and say that the bean counters figured out that the $200 per ‘high capacity’ mags wouldn’t be enough to pay for their ‘social justice’ bribes oops I mean programs so they decided to up the ante. And that was likely before they factored in reparations…………………..