Posted: January 10th, 2022
Daniel Patrick Moynihan, the late senator from New York, once introduced a bill that would levy a 10,000 percent tax on certain hollow-tipped bullets. True or False:
This tax would generate a lot of tax revenue because of its high rate. True False Why might Senator Moynihan have proposed it?
To boost the manufacturing industry of hollow-tipped bullets
To discourage the use of hollow-tipped bullets
To raise revenue to support law enforcement
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