Videos tagged with High-Capacity Magazines Tax

This video discusses a new gun control bill introduced by House Oversight Chairwoman Carolyn Maloney. The "Firearm Industry Fairness Act" proposes a 20% tax on revenues from manufacturers of "assault weapons" and high-capacity magazines, with funds earmarked for gun violence prevention. A second bill, the "Firearm Industry Crime and Trafficking Accountability Act," would require manufacturers to track crimes involving their firearms. The speaker suggests these bills are politically motivated, timed before Maloney's primary election, and unlikely to pass.