Sen. Tom Cotton, R-Ark., and other Republicans are seeking to abolish the taxes levied on firearms regulated under the National Firearms Act (NFA), claiming the taxes are burdensome.
Sen. Tom Cotton, R-Ark., and other Senate Republicans recently introduced legislation that would abolish transfer taxes on firearms regulated under the National Firearms Act . The bill, called the Repealing Illegal Freedom and Liberty Excises Act, was announced on Wednesday. According to a press statement released by Cotton, the law 'would remove a burdensome tax imposed on firearms regulated under the National Firearms Act.
The RIFLE Act does not modify the current checks and registration; it solely removes the federally mandated financial burden on law-abiding gun owners,' the press release adds. Speaking to Fox News Digital on Wednesday, Ambler Law attorney Oliver Krawczyk said that the current taxes on firearms are 'indistinguishable from poll taxes.' The lawyer, who specializes in Second Amendment law, called the legislation 'a step in the right direction.
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