Videos tagged with Danny Davis

This video from Iraqveteran8888 discusses House Bill 5103, the 'Gun Violence Prevention and Safe Communities Act of 2018.' The hosts express strong opposition to the bill, detailing its proposed increases to excise taxes on firearms, lower frames/receivers, and ammunition. They also highlight proposed increases to National Firearms Act (NFA) item taxes and criticize the bill's allocation of funds, arguing it's a punitive measure against law-abiding gun owners and businesses.

This video discusses House Bill 5103, introduced by Congressman Danny Davis of Chicago, Illinois. The bill proposes significant new taxes on firearms and ammunition, aiming to increase their cost substantially. It includes a 20% tax on pistols, revolvers, and other firearms, and a 50% tax on ammunition. Additionally, it doubles the special occupation tax for firearms importers, raises the imported gun dealer tax to 50% of sales, and increases NFA transfer taxes and AWG taxes. The bill also seeks to classify certain pistol variants, like AR and AK pistols, as firearms and implement an inflation adjustment for occupation taxes.