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Reinstating Firearm Taxes and Boosting Medicare Funding

This act reinstates federal taxes on the transfer and manufacturing of certain firearms, which were previously eliminated. The revenue generated, along with an additional $1.7 billion, will be deposited into the Medicare Part A trust fund, supporting hospital care for citizens.
Key points
Increased costs for acquiring and manufacturing certain firearms due to reinstated federal taxes.
An additional $1.7 billion allocated to the Medicare Part A fund, aiming to strengthen healthcare coverage for seniors.
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Introduced
Citizen Poll
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Additional Information
Print number: 119_S_3512
Sponsor: Sen. Alsobrooks, Angela D. [D-MD]
Process start date: 2025-12-16