Trade Haven Hub - Investing and Stock News
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
  • Investment Tips
  • Trade Tips
  • Crypto News
  • Economy News
  • Stock Market
No Result
View All Result
Trade Haven Hub - Investing and Stock News
No Result
View All Result
Home Economy News

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

admin by admin
June 27, 2025
in Economy News
0
Second Amendment ‘setback’: Gun tax cuts stripped from Trump’s ‘big, beautiful bill’
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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
Previous Post

Trump celebrates Supreme Court limits on ‘colossal abuse of power’ by federal judges

Next Post

GF Securities, HashKey Debut Yield-Generating Tokenized Securities in Hong Kong

Next Post
GF Securities, HashKey Debut Yield-Generating Tokenized Securities in Hong Kong

GF Securities, HashKey Debut Yield-Generating Tokenized Securities in Hong Kong

  • Trending
  • Comments
  • Latest
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

March 20, 2025
Buy Bitcoin Under $100K Before The Next Bull Run

Buy Bitcoin Under $100K Before The Next Bull Run

April 22, 2025
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

March 20, 2025
Kraken Rolls Out Commission-Free Stock Trading

Kraken Rolls Out Commission-Free Stock Trading

April 21, 2025
Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Quantum Computing: its Evolution and its Potential Future

Quantum Computing: its Evolution and its Potential Future

0
Air Direct Capture – Reducing CO2 from the Atmosphere

Air Direct Capture – Reducing CO2 from the Atmosphere

0
Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

June 27, 2025
Trump secures record-shattering $1.4B for political war chest; will be ‘dominant force’ for GOP in midterms

Trump secures record-shattering $1.4B for political war chest; will be ‘dominant force’ for GOP in midterms

June 27, 2025
Kakaopay Stock Plunges 17% as Korean Exchange Suspends Trading Over Stablecoin Exposure

Kakaopay Stock Plunges 17% as Korean Exchange Suspends Trading Over Stablecoin Exposure

June 27, 2025
Rio Silver to Complete 5:1 Consolidation

Rio Silver to Complete 5:1 Consolidation

June 27, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Recent News

    Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

    Trump says ‘big, beautiful’ bill ‘must’ meet deadline as some Republicans waver

    June 27, 2025
    Trump secures record-shattering $1.4B for political war chest; will be ‘dominant force’ for GOP in midterms

    Trump secures record-shattering $1.4B for political war chest; will be ‘dominant force’ for GOP in midterms

    June 27, 2025
    Kakaopay Stock Plunges 17% as Korean Exchange Suspends Trading Over Stablecoin Exposure

    Kakaopay Stock Plunges 17% as Korean Exchange Suspends Trading Over Stablecoin Exposure

    June 27, 2025
    Rio Silver to Complete 5:1 Consolidation

    Rio Silver to Complete 5:1 Consolidation

    June 27, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 tradehavenhub.com | All Rights Reserved

    No Result
    View All Result
    • Investment Tips
    • Trade Tips
    • Crypto News
    • Economy News
    • Stock Market

    Copyright © 2025 tradehavenhub.com | All Rights Reserved