22 Democrats Buy High, Ignore Fungability

We's in between a rock and a hard place.

Quote:

The Safer Neighborhoods Gun Buyback Act, which was reintroduced this week by Rep. Donald Payne Jr. (D-N.J.), is the latest attempt by Democrats to address gun violence. The bill has 22 co-sponsors.

As part of Payne’s $360 million gun buyback initiative, the Justice Department would pay gun owners a premium of 25 percent more than the market value of their firearms. Gun owners could turn over their firearms to state and local governments as well as certain gun dealers. In return, the gun owners would receive a debit card they could use to purchase anything other than more guns and ammunition.
I wonder if the 25% premium would be considered taxable. I also wonder why this bill wouldn't apply to pipe bombs and IEDs. :popcorn:


22 Democrats Buy High, Ignore Fungability