15 August 2009

A Modest Revenue Proposal

Repeal the "Hughes Amendment" from the 1986 Firearms Owner's Protection Act.

This would allow civilian ownership of machineguns manufactured after May 19, 1986. It would also allow the manufacture of new machineguns for sale to civilians. With the skyrocketing popularity of the AR-15, this is a no brainer for increasing tax revenues.

At $200 a gun per transfer (on top of the 11% excise tax) that could end up being a lot of money. Even more free tax money is generated on out of state sales. You have to do a transfer from one dealer to another and most of time that means an additional $200 for the government on one sale!

Something we could put into the repeal is changing the BATFE's focus on machineguns from arrests to making sure everyone had paid their $200. Imagine how much more compliance there would be if they caught you with machineguns and fined you $100 plus the tax instead of hauling you to jail?

It's win-win for everyone! I'd be more than willing to pony up $200 more on the SBR to get a fun switch, and likely another $400 for Kaylee and Dottie. $600 of revenue for no expenditure on the part of the federal government.

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