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'I don't see any other way': Republicans push for gun tax cut in Trump's 'big, beautiful bill'
'I don't see any other way': Republicans push for gun tax cut in Trump's 'big, beautiful bill'

Fox News

time11 hours ago

  • Business
  • Fox News

'I don't see any other way': Republicans push for gun tax cut in Trump's 'big, beautiful bill'

Inside President Donald Trump's "big, beautiful bill" are policy tweaks that would remove taxes and regulations on certain guns, but Senate Democrats aim to gut the changes from the bill. Tucked into the Senate Finance Committee's offering to the mammoth bill, which was unveiled earlier this week, are policy changes that would delist short-barrel rifles, shotguns and suppressors from the National Firearms Act (NFA). That means those particular guns and accessories would no longer be subject to a $200 federal tax and would no longer need to be registered with the Bureau of Alcohol, Tobacco, Firearms and Explosives. The changes come from 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. Marshall told Fox News Digital he believed the gun language would make Trump's megabill "even more beautiful," while Clyde said in a statement the changes would "restore our Second Amendment rights." However, Democrats have vowed to inflict as much pain as possible on their Republican colleagues through the "Byrd Bath" process, which is when lawmakers and their staff work behind the scenes to ensure the litany of policy within the "big, beautiful bill" comports with the Byrd Rule that governs reconciliation. And the gun language is likely high on the chopping block for Senate Democrats. "Taxation and registration of firearms under the draconian NFA are inseparably linked," Clyde said in a statement to Fox News Digital. "I'm confident our pro-2A provision will survive the Byrd Rule, and I look forward to delivering this constitutional victory for the American people." Marshall, similarly, wasn't too concerned the provision would be scrubbed by Democrats in their Byrd Bath pursuit and noted, "That's what reconciliation bills are supposed to deal with, is taxes." He argued the Supreme Court upheld the NFA, which, despite being primarily a regulatory framework, does include an excise tax. The court upheld the NFA and the excise taxes it imposed as constitutional in the 1930s. More recently, the regulatory framework was upheld by the court in the Bruen decision in 2022. Still, Marshall viewed the filibuster-proof budget reconciliation process, which allows Republicans to pass Trump's mammoth bill with only 51 votes, as the only chance he and the GOP have to codify the changes to the NFA. "I don't see another way to do it," he said. "I mean, obviously it would take 60 votes. And, you know, I don't see any other way to make this actually happen." Meanwhile, the top Democrat on the Senate Finance Committee, Sen. Ron Wyden, D-Ore., declined to get into detail on the exact strategy he and other Democratic lawmakers would use to go after provisions buried in the broader reconciliation text. But he noted that the point of reconciliation is to focus on spending and budgetary effects and that "a lot of times you see Republicans, very conservative Republicans, try to convince the parliamentarian that something really is spending when it's really an ideological trophy." "I can tell you this, the Byrd Bath is the legislative equivalent of prolonged root canal work," Wyden told Fox News Digital. "It's detailed, we've begun it, I'm practiced in it. I've worked in this area for some time, and my staff is expecting to spend the whole rest of next week digging into it."

Push in Congress seeks to overturn California farm animal welfare law
Push in Congress seeks to overturn California farm animal welfare law

CBS News

time05-06-2025

  • Business
  • CBS News

Push in Congress seeks to overturn California farm animal welfare law

A push is underway among some members of Congress that could overturn a measure approved by California voters aimed at improving the treatment of farm animals. At issue: Proposition 12, which mandated minimum cage sizes for animals raised for meat. California voters passed the proposition in 2018 by a margin of 2 to 1. It said that pork sold in the state must come from pigs that had at least enough space to turn around. A recent survey from the nonprofit World Animal Protection found that 80% of consumers felt concerned when they learned about the treatment of factory-farmed pigs. An estimated two-thirds of factory farms house sows in gestation crates with barely enough space to move back and forth. They aren't able to turn around, surrounded by metal bars where they're artificially inseminated and standing over their own waste. Under Prop 12, meat from these conditions is banned from being sold in California. Now, two new federal bills could allow meat from crated animals to be sold here again as long as they're raised elsewhere. Lawmakers that represent the highest pig-producing states are pushing for the law. Senator Roger Marshall (R-Kansas) sent CBS News Bay Area a statement, saying, "Midwest farmers and ranchers who produce our nation's food supply should not be hamstrung by coastal activist agendas that dictate production standards from hundreds of miles away." Some pig farmers, including Brent Hershey in Pennsylvania, already changed his operations to comply with California's rules. "As that all evolved, I started to see that we can't defend this," said Hershey. Now he's left wondering where his business stands because he says he's made the change and spent capital to satisfy those markets. "We would say that that's very disruptive," said Hershey. At a farm in the Sonoma County community of Windsor, the sows and boars have much more than room to turn around. They have sunshine and mud. "I figure these animals are giving us so much, we might as well give them as good a life as they can," said farmer Jeffrey Kent. He's been raising pigs for as long as he can remember. For the approximately 100 pigs on his farm, it's a life of free range. "It creates a much more natural life and creates a much happier pig which in the end creates a much better product," said Kent, "To be honest, I don't think I really compete with (factory farmers) at all because the customers that I have aren't interested in buying that kind of meat." Kent says that when you get to spend some time with his pigs, you see that they all have different personalities and are really quite smart. He referred to a new litter of pigs and how their mother treats them. "She talks to them. You can hear the storing back and forth. It's pretty great to see the community and the mothering instincts that they have," said Kent. Of course, those babies will eventually end up slaughtered when Kent deems the time is right. During their time growing up at his farm, though, they're guaranteed the simple things in life: fresh air, mud, and a little room to roam. CBS News Bay Area reached out to the National Pork Producers Council, the American Farm Bureau, and the Iowa Pork Producers Association. They have all opposed Prop. 12 they all support the newly proposed laws, but no one wanted to go on camera to discuss it. Senator Adam Schiff (D-California) strongly supports Prop 12, saying in a statement, "Any attempt to overturn it will face strong opposition. Congress should continue to respect the decision of California voters — as it would the voters in any state — and I will push back on any efforts to undermine their voices."

President Trump Holds Meeting With GOP Senators
President Trump Holds Meeting With GOP Senators

Bloomberg

time05-06-2025

  • Business
  • Bloomberg

President Trump Holds Meeting With GOP Senators

"Balance of Power: Late Edition" focuses on the intersection of politics and global business. On today's show, Senator Peter Welch (D) Vermont talks about the Congressional Budget Office projecting President Trump's tariffs will cut the budget gap by $2.8 trillion. Retired General Ben Hodges, former Commanding General for US Army Europe, shares his thoughts on President Trump speaking with Russian President Vladimir Putin. Senator Roger Marshall (R) Kansas talks about the meeting he had in the White House with President Trump and other members of the Senate Finance Committee where they spoke about the tax bill. (Source: Bloomberg)

Credit Card Swipe Fee Fight Complicates Stablecoin Bill Passage
Credit Card Swipe Fee Fight Complicates Stablecoin Bill Passage

Bloomberg

time03-06-2025

  • Business
  • Bloomberg

Credit Card Swipe Fee Fight Complicates Stablecoin Bill Passage

By and Paige Smith Save An effort by retailers and their allies in the Senate to mandate competition to Visa Inc. and Mastercard Inc. in credit card processing has complicated efforts to swiftly pass the stablecoin bill supported by the crypto industry and President Donald Trump. Kansas Republican Roger Marshall has proposed the amendment, backed by Illinois Democrat Dick Durbin, who previously led a successful bipartisan effort to reduce debit card fees. The credit card competition measure had the backing of Vice President JD Vance when he was a senator as well as other populist-minded Republicans.

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