States Gave Gunmakers $49 Million In Tax Breaks Over The Last Five Years

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... at the state level, lawmakers are taking a look at some of the tax breaks they dole out to gun manufacturers. As Bloomberg News noted, states have handed out $49 million over the last five years in tax breaks to companies that make guns:

Governments in nine states have awarded at least $49 million in subsidies in the past five years to gun and ammunition makers whose products are under scrutiny after last month’s school shooting in Connecticut.

Almost 85 percent of those tax breaks or grants have gone to two companies: Olin Corp. (OLN), the Clayton, Missouri-based maker of Winchester-brand bullets and shotgun shells, and a unit of Freedom Group Inc., the Madison, North Carolina-based company that produces the rifle used in the Dec. 14 killing of 20 children and six adults at Sandy Hook Elementary School in Newtown.

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Full article here: http://thinkprogress.org/economy/2013/01/16/1458961/guns-tax-breaks/