American gun owners could face tens of billions of dollars in new taxes to keep the guns they already own under Democrat Joe Biden’s gun ban and tax plan.
At least 20 million rifles and 150 million ammunition magazines would be caught up in the sales ban and registration scheme Biden touted on the campaign trail, according to a National Shooting Sports Foundation (NSSF) report. The new taxes would cost Americans more than $34 billion, according to a Washington Free Beacon analysis.
NSSF told the Washington Free Beacon the sheer number of affected guns and magazines could pose a significant problem for Biden’s gun-control plans.
“I think if [Biden and his team] were smart, they would look at those numbers and get an idea of where America stands on gun ownership and gun rights,” NSSF spokesman Mark Oliva said.
Biden wants to ban new sales of AR-15 rifles and similar firearms as well as any ammunition magazine holding more than 10 rounds—sizes that come standard on most modern rifles and handguns. He would pay some owners to surrender the affected guns they legally own and force everyone else to register the guns under the National Firearms Act. The proposal would require owners to pay a $200 tax stamp for each item.
A Texas county approved over $2 million of taxpayer money for a spent legal services fund for illegal immigrants facing deportation, The Texan reported Wednesday.
The Harris County Commissioners Court voted 3-2 to allocate $2,050,000 over a two-year period to the Immigrant Legal Services Fund, an initiative of County Judge Lina Hidalgo, The Texan reported. Hidalgo, a Democrat, requested $500,000 to finance the program for its first year when she proposed the fund in February 2019.
Illegal immigrants without attorneys are deported 90% of the time while those with attorneys are deported around 5% of the time, according to Hidalgo, The Texan reported.
At a time when the Fed is already monetizing the entire US budget deficit thanks to helicopter money, sparking conversations about the utility of taxation, and when a Biden administration is set to at least try and roll back most of the Trump tax cuts, the last thing the population wants to hear about is even more taxes.
Yet in a “modest proposal” from Deutsche Bank, the bank argues that in a time of pervasive covid shutdowns, “those who can work from home (WFH) receive direct and indirect financial benefits and they should be taxed in order to smooth the transition process for those who have been suddenly displaced.”
In other words, the argument goes that working from an office is somehow punitive, and since WFH during the pandemic leads to “many benefits” as a resulting “disconnecting themselves from face-to-face society” a 5% tax for each WFH day “would leave the average person no worse off than if they worked in the office.” The bank calculates that such a tax could raise $49bn per year in the US, €20bn in Germany, and £7bn in the UK. “That can fund subsidies for the lowest-paid workers who usually cannot work from home.”