Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Politics

Second Amendment ‘setback’: Gun tax cuts stripped from Trump’s ‘big, beautiful bill’

by June 27, 2025
June 27, 2025
Second Amendment ‘setback’: Gun tax cuts stripped from Trump’s ‘big, beautiful bill’

A provision inside President Donald Trump’s ‘big, beautiful bill’ that would have lessened regulations on certain firearms was one of many stripped policies that did not pass muster with Senate rules.

The Senate parliamentarian ruled late Thursday night that policy changes that would delist short-barrel rifles, shotguns and suppressors from the National Firearms Act (NFA) would have to be scrubbed from the Senate Finance Committee’s portion of the mammoth bill.

The provision would have allowed for those particular guns and accessories to no longer be subject to a $200 federal tax. They would also no longer have needed to be registered with the Bureau of Alcohol, Tobacco, Firearms and Explosives.

Changes to the NFA were part of the Stop Harassing Owners of Rifles Today (SHORT) Act, a bill pushed by Sen. Roger Marshall, R-Kan., in the upper chamber, and Rep. Andrew Clyde, R-Ga., in the House.

‘This is a setback, but we are committed to working with the parliamentarian to protect the Second Amendment in any way we can through reconciliation,’ Marshall told Fox News Digital in a statement. ‘‘Shall not be infringed’ is crystal clear and the rights of gun owners must be respected.’

Indeed, lawmakers do have the opportunity to rewrite the provision to comport with the Byrd Rule, which governs the budget reconciliation process and allows either party in power to skirt the 60-vote filibuster threshold in the Senate.

Clyde told Fox News Digital in a statement that he disagreed with the ruling, ‘as the taxation and registration of firearms under the draconian NFA are inextricably linked.’ 

‘I’m working with my Senate Republican colleagues to rewrite the language so we can retain our 2A wins and deliver the best possible outcome for the American people,’ he said. ‘We must seize this rare opportunity to restore our Second Amendment rights.’

Arguments before the parliamentarian, who many Republicans lashed out at on Thursday following rulings that stripped key, yet divisive, Medicaid tweaks from the ‘big, beautiful bill,’ are expected to continue throughout Friday and likely until the last few minutes before the final bill is revealed.

The gun provision was one of many tax-related items stripped from the package. Others included subsidies for private schools and carve-outs for religious colleges from the endowments tax, among others.

There are other provisions still under consideration, including ‘Trump Accounts,’ which would have set aside $1,000 in taxpayer money for newborns, requiring Social Securities numbers for a slew of tax credits, and making tax benefits for those who invest in opportunity zones permanent. 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Russia has amassed 110,000 troops near strategic Ukrainian city, Kyiv says
next post
Israeli military rejects report that soldiers told to fire at Palestinians waiting for food, after repeated deadly incidents

You may also like

Israel strikes Yemen’s port city in response to...

May 5, 2025

Grenell lights up Susan Rice for years of...

March 2, 2025

EXCLUSIVE: Dems to force votes on Medicaid as...

February 20, 2025

House, Senate Republicans clash over mammoth Trump budget...

February 12, 2025

Lawmaker unveils constitutional amendment to give Trump third...

January 24, 2025

House DOGE subcommittee chair Greene threatens criminal referrals...

February 27, 2025

White House drops ‘Daddy’s Home’ meme after viral...

June 26, 2025

Walz’s honeymoon with China gets fresh scrutiny as...

August 9, 2024

Statute of limitations for pandemic unemployment fraud expires;...

March 28, 2025

From ‘food justice’ to ‘useless surveys,’ Trump’s Cabinet...

March 24, 2025

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • Barrett eviscerates Jackson, Sotomayor takes on a ‘complicit’ court in contentious final opinions

      June 27, 2025
    • Trump would strike Iran ‘without question’ if it restarts nuclear weapons program

      June 27, 2025
    • Florida man indicted for ’86’ posts allegedly threatening to kill Alina Habba

      June 27, 2025
    • Top House Republicans send stern warning to Senate GOP as Trump’s ‘big, beautiful bill’ risks delay

      June 27, 2025
    • Israeli military rejects report that soldiers told to fire at Palestinians waiting for food, after repeated deadly incidents

      June 27, 2025
    • Trump celebrates Supreme Court limits on ‘colossal abuse of power’ by federal judges

      June 27, 2025

    Categories

    • Business (694)
    • Investing (661)
    • Politics (4,686)
    • World News (3,119)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 WhaleLargeCapital.com | All Rights Reserved