The NRA backed this? I guess it is another of their “give a little to get a little” excuses. Who the hell is running the NRA anyhow? Did I see Paul Ryan’s name on this legislation?
another no read comment?
It didn’t impose a new tax, it changed when they had to send in the money, to make it the same as other excise tax collections.
I’m guessing there is some sort of interest rate involved, such that by waiting 3 months the government gets a little extra money, but 4 million over 10 years is a rather small amount of extra money.
And I’d guess Ron Paul opposed it because he probably opposes having ANY excise tax, and therefore wouldn’t vote to change the date of collection because that would implicitly accept the notion of an excise tax. It’s how he thinks, and so long as it makes no difference in passing a bill, he has that luxury. If he had actually caused this fix to fail, I would bet he wouldn’t have voted this way.
I say that because he voted to oppose the payroll tax holiday when it didn’t matter, but when his lone objection would have stopped them from passing it last Christmas, he pointedly stayed out of town rather than making that objection.
Jukeman, did you read he article? This is a very good thing for ammo manufacturers and I would have been shocked if the NRA had not backed it.
Think of it this way. If you are self employed you must make quarterly estimated income tax deposits. Ammo manufactures that have had to make excise tax deposits every other week will now only have to make them quarterly like most other taxes.
I’ve done it too. But you got to read the article before typing. :o)
Did you even read the article and find out what the bill does? Are you so stupid you can't see this is a good thing for ammo manufacturers?