House Oversight Committee chairwoman Carolyn Maloney (D-NY) is pushing legislation that levies a 20 percent tax on AR-15 makers’ revenue. The legislation is called the Firearms Industry Fairness Act. NBC News reports the levy would “impose a 20% tax on the total revenue earned by manufacturers who produce assault weapons and high-capacity magazines.” Maloney tweeted about the legislation on August 22: My Firearm Industry Fairness Act will tax assault weapons manufacturers 20% off ALL revenue and my Firearm Industry Crime and Trafficking Accountability Act will prohibit the selling of guns to retailers if selling leads to a high risk of...