A Cook County judge has ruled the county’s guns and ammunition tax doesn’t violate the Constitution or the rights of firearm owners, saying the tax is little more than an “inconsequential burden” on gun owners.
Judges with the U.S. Seventh Circuit Court of Appeals upheld a federal judge’s rejection of arguments that the Federal Housing Finance Agency undercut Fannie Mae and Freddie Mac investors by giving the U.S. Treasury too much authority when it was trying to save the home-lending behemoths.
