From the Hill:
Gun owners would receive tax breaks for voluntarily turning in high-powered assault rifles under new legislation proposed Monday.
The Support Assault Firearm Elimination and Education of our (SAFER) Streets Act expected to be reintroduced next week by Rep. Rosa DeLauro (D-Conn.) would provide gun owners with an incentive to turn in their firearms to local police departments.
“Assault weapons are not about hunting, or even self-defense,” DeLauro said. “There is no reason on earth, other than to kill as many people as possible in as short a time as possible, that anyone needs a gun designed for a battlefield.”
Though DeLauro is in favor of stronger guns laws that would completely ban assault weapons and high-capacity ammunition, she emphasized this bill would not force gun owners to turn in their firearms.
The legislation would provide up to $2,000 in tax credits for gun owners who voluntarily hand over assault weapons to their local police departments.So you hit the pawnshops, buy a dozen guns, and collect $24,000 in tax credits.
I know what readers are thinking: But, Don, I'm a drug dealer and I pay no taxes. That's the beauty of the plan, it is done with tax credits. They are totally refundable, so if you only pay $5 in federal income taxes each year, you get a refund of $23,995 just for turning in a dozen guns you bought for $1,200. Of course, no one says you have to actually buy them, but I am addressing honest gun owners.
Since you get the credit for turning the gun in to the local police department, this opens up another portal for corruption and kickbacks. A dishonest clerk can simply sign off on a ghost gun buyback and split the money with you.
Savvy gun owners have known about this exploit of gun buybacks for years.
The Cincinnati Enquirer wrote about this two years ago:
"They make for good photo images," said Michael Scott, director of the Center for Problem Oriented Policing, based at the University of Wisconsin's law school. "But gun buyback programs recover such a small percentage of guns that it's not likely to make much impact."
The relatively small number of guns recovered isn't the only problem, Scott said. Buyback programs tend to attract people who are least likely to commit crimes and to retrieve guns that are least likely to be used in crimes.
Scott and others say violent criminals – the people who do most of the shooting and killing – steer clear of buyback programs unless they're trying to make some quick cash by selling a weapon they don't want anymore.
That means buyback campaigns more often end up with hunting rifles or old revolvers from someone's attic than with automatic weapons from the trunk of a criminal's car.
"They don't get a lot of crime guns off the street," said Matt Makarios, a criminal justice professor who studied buyback programs while at the University of Cincinnati in 2008. "You're only going to reduce the likelihood of gun crimes if you reduce the number of guns used in crimes."
A buyback in Tucson, Ariz., last week collected about 200 firearms, many of them old or inoperable, in exchange for about $10,000 worth of grocery gift cards. A few hundred feet away, gun dealers set up tables and offered cash for any guns in good enough condition to resell.Hey, it is about time law-abiding gun owners got a little welfare from Uncle Sugar.