Quote Originally Posted by roberth View Post
Yup, they don't understand economics. During the Reagan years when tax rate percentages were reduced the government actually took in more money because the tax rate reductions increased economic growth.
It's not about economics. It's about a backdoor way to discourage people from participating in the firearms trade and thereby reducing access or inclination. I'm sure this was red-teamed and debated before they unveiled this new "guidance" and the fact they don't have any power under Article II to do this or that it will do nothing to increase revenues has nothing to do with it.