Posted on 04/06/2015 10:40:22 AM PDT by jazusamo
Gun owners would receive tax breaks for voluntarily turning in high-powered assault rifles under new legislation proposed Monday.
The Support Assault Firearm Elimination and Education of our (SAFER) Streets Act expected to be reintroduced next week by Rep. Rosa DeLauro (D-Conn.) would provide gun owners with an incentive to turn in their firearms to local police departments.
“Assault weapons are not about hunting, or even self-defense,” DeLauro said . “There is no reason on earth, other than to kill as many people as possible in as short a time as possible, that anyone needs a gun designed for a battlefield.”
Though DeLauro is in favor of stronger guns laws that would completely ban assault weapons and high-capacity ammunition, she emphasized this bill would not force gun owners to turn in their firearms.
The legislation would provide up to $2,000 in tax credits for gun owners who voluntarily hand over assault weapons to their local police departments.
The assault weapons legislation comes in response to the horrific mass shooting at Sandy Hook Elementary School in Newtown, Conn., DeLauro’s home state, in December 2012.
DeLauro originally introduced the bill in January 2013, just one month after the Newtown shooting, but the legislation fell short in the Republican-controlled House. She plans to reintroduce it next week when Congress returns from recess.
She said the bill would help “get more assault weapons off the streets."
“Just days after the Newtown tragedy, President Obama asked, ‘Are we doing enough to protect our children?’ And he admitted the answer is, ‘no.’ That must change,” DeLauro said.
DeLauro is announcing the assault weapons legislation this week in conjunction with National Public Health Week.
The co-sponsors include Reps. Betty McCollum (D-Minn.), Raúl Grijalva (D-Ariz.), Elijah Cummings (D-Md.), Keith Ellison (D-Minn.), Eric Swalwell (D-Calif.), and David Cicilline (D-R.I.).
They will not let you take it off your total taxes owed, you will be allowed to subtract it from the Adjusted Gross Income line and thus you will just get a small percentage knocked off the total tax line at the end.
Cordially,
Put up that pic Kart!
Outstanding FReepathon graphic, SWAMPSNIPER!!
My gr,gr,great uncle Abraham made the rifle, I’ll admit to being proud of him.
I don’t blame you for being proud of him, that rifle is beautiful.
He was a very talented gunsmith and craftsman.
Thanks again and I saved your graphic!
“I am not our father.”
With $2,000, you’d be better off with an AR-10.
I read the bill. You have to be especially insane to introduce or co-sponsor such legislation. You have to have zero understanding of economics.
The bill grants flat $2,000 tax credit for one “assault weapon” as defined in the bill. You get $1000 tax credit the first year, and another $1,000 tax credit the second year. The firearm has to be legally owned.
A Hi-Point carbine qualifies. You can buy lots of them for less than $300 each.
Any rifle with a detachable magazine and a forward grip qualifies. A Savage .22 can be had for about $119 retail, and a qualifying forward pistol grip added for a piece of broomhandle and some duct tape, or likely as an aftermarket accessory for $9.99.
A *receiver* for named rifles qualifies, so you can buy stripped lower AR receiver for $50... and it qualifies.
Talk about another boon for gun manufacturers.
This legislation practically begs you to buy a cheap, new, qualifying firearm (so you can prove legal possession) and turn it in for $2,000 in tax credits.
“It means you get to claim $2,000 of your taxable income.”
No, you misunderstand it. I read the bill. It is not a deduction. It is a direct tax credit. If you own as much as $1,000 in a year, it is like free money.
These people really are this economically ignorant.
Yes, I know, hard to believe.
And, yes, an AR-15 receiver qualifies. A stripped on costs about $50.
This bill will never pass. Not even a majority of congressmen are this insane.
own should be owe
What if I only have a low-powered assault rifle? Is it a percentage of the whole amount or what?
Does anyone ever tell the mentally ill the truth about their condition to their face?
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