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With that budget I'd suggest a .243 or .270 Remington 700 with a Leupold 3x9x40 VX-1. The Rem 700 is one of the of the most reliable and popular rifles out there and Leupold's reputation is about as good as it gets.
Don't laugh, but Walmart has been know to dump bargain guns at prices you won't find at many other places.
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