[J.B. Books]

Originally Posted by Brian Dudley

And all the people buying everything up will be looking to sell at a loss in 5 years because, guess what... they didn't use any of it. It is the cycle that keeps repeating itself.

If you haven't already familiarize yourself with the National Firearms Safety Act H.R. 5717 introduced a year ago in the US House of Representatives. It didn't go anywhere in 2020 but could return this year with a much greater chance of being passed into law. If passed as written it includes a 50% excise tax on ammunition and components. If passed it will certainly cut that potential loss from the high prices people are paying today. That bill also includes a 30% excise tax on firearms.