House Democrat Proposes 1,000 Percent Tax Increase On 'Assault Weapons'
A House Democrat plans to introduce a bill that would hit AR-15s with a 1,000% tax — and it could pass Congress without GOP votes
The recent string of high-profile shootings in the US is prompting one House Democrat to draft a measure designed to severely restrict access to the AR-15-style weapons used by gunmen in the carnage. Rep. Don Beyer of Virginia, a member of the tax-writing House Ways and Means Committee, wants to impose a 1,000% excise tax on such semiautomatic rifles.
“What it’s intended to do is provide another creative pathway to actually make some sensible gun control happen,” Beyer told Insider. “We think that a 1,000% fee on assault weapons is just the kind of restrictive measure that creates enough fiscal impact to qualify for reconciliation.”
New AR-15-style guns cost anywhere from $500 to over $2,000 depending on location, NBC News reported. That means a 1,000% tax on the weapons would add $5,000 to $20,000 to their final sales prices — and would probably keep them out of reach from many younger Americans.
Some details of the bill still aren’t finalized, such as when the tax would take effect and what to do with any revenue raised. It’s also unclear how much money it would generate.... continue reading SOURCE