• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

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

by June 27, 2025
written by June 27, 2025

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 comment
0
FacebookTwitterPinterestEmail

previous post
Top moments from the Trump-Biden debate that changed the course of the 2024 election
next post
Trump celebrates Supreme Court limits on ‘colossal abuse of power’ by federal judges

related articles

Senate sends $901B defense bill to Trump after...

December 17, 2025

Four Republicans buck Mike Johnson to join Hakeem...

December 17, 2025

House Republican who voted to impeach Trump in...

December 17, 2025

EXCLUSIVE: First look at ‘MELANIA’ film

December 17, 2025

Trump’s push to ‘knock out’ filibuster gains new...

December 17, 2025

Policy group praises Trump’s 100 global wins since...

December 17, 2025

Trump declares ‘Venezuelan regime’ a foreign terrorist organization,...

December 17, 2025

Judge warns Trump administration against ‘irreversible’ White House...

December 17, 2025

Senate Republican ‘targeted by Communist China’ in $50...

December 17, 2025

The Hitchhiker’s Guide to where we stand with...

December 17, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Elite US colleges linked to Chinese surveillance labs driving Uyghur ‘genocide,’ study warns

    December 8, 2025
  • Buttigieg ripped for ‘extraordinarily brazen’ slam on Trump that critics say was accidental ‘dunk’ on Biden

    July 26, 2024
  • Grenell developing ‘common sense’ plan to turn Kennedy Center financials around

    March 15, 2025
  • Comer unleashes on Biden, demands DOJ probe of autopen use in scathing new report

    October 28, 2025
  • Panama’s president hits back at Trump idea to reclaim key canal

    December 23, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 3

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024

Categories

  • Economy (829)
  • Editor's Pick (7,104)
  • Investing (705)
  • Stock (963)

Latest Posts

  • Harris claims Trump abortion platform makes ‘no exception,’ moments after Trump says the opposite

    September 11, 2024
  • Trump’s cuts to foreign aid could benefit US position in Iran negotiations, expert says

    February 8, 2025
  • BofA upgrades Apollo Global stock after a dramatic 20% decline this month: Should you consider buying?

    August 6, 2024

Recent Posts

  • JPMorgan Chase Q2 2024 results: Revenue soars with investment banking gains

    July 12, 2024
  • Israel’s drone strikes in Iran show why US must halt China’s land grab here: experts

    June 13, 2025
  • Vince McMahon settles with SEC over hush money agreements as civil assault case continues

    January 11, 2025

Editor’s Pick

  • SCOOP: Dem fundraising giant ActBlue hit with subpoena by top House committees

    July 22, 2025
  • FLASHBACK: Top Harris campaign aide was key voice in WH push to remove COVID info from tech platforms

    August 27, 2024
  • Gold and Silver: Gold remains high in the all-time high zone

    August 14, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock