Democrats Propose Bill For Additional Tax On Handguns

Democrats Propose Bill For Additional Tax On HandgunsA pair of Democratic lawmakers are proposing steep new taxes on handguns and ammunition, and tying the revenues to programs aimed at preventing gun violence.

‘Gun violence prevention’

Called the “Gun Violence Prevention and Safe Communities Act,” the bill sponsored by William Pascrell, D-N.J., and Danny Davis, D-Ill., would nearly double the current 11 percent tax on handguns, while raising the levy on bullets and cartridges from 11 percent to 50 percent.

The lawmakers say the bill would generate $600 million per year, which would be used to fund law-enforcement and gun violence prevention. The bill would exempt all federal, state and local agencies, including police departments, from paying the tax.


‘Good use’

The bill would also increase the transfer tax on all weapons (except antique guns) covered under the National Firearms Act (which excludes most common guns) from $200 to $500 and index to inflation and  increase the transfer tax for any other weapon from $5 to $100. The amendment will be voted upon when the House returns for the new session in the fall.

Davis, who represents a portion of Chicago which has been ravaged by gun violence in recent years, said money raised from the new taxes will go to good use.

Do you approve of this new bill for additional taxes on handguns? Why or why not?

Source: Perry Chiaramonte | Fox News

Image: Breitbart

Colt Gun Manufacturer May Leave Connecticut Over Stricter Gun Laws

Colt Gun Manufacturer May Leave Connecticut Over Stricter Gun LawsColt’s Manufacturing, the company that has made the iconic gun dubbed “The Peacemaker” for more than a century, could pull up its Connecticut stakes after coming under fire in the national debate over the Second Amendment.

‘Feeling unwelcome’

President and CEO Dennis Veilleux said the pro-gun control climate that has taken hold in the wake of the Sandy Hook school massacre and other firearm attacks has left him feeling unwelcome in the state his company has called home for 175 years. Proposed laws being debated by the Legislature and pushed by Gov. Dannel Malloy include a new gun offender registry, an expanded assault weapons ban, ammunition restrictions and a ban on bulk purchases of handguns. Veilleux said those measures have put Colt and its nearly 700 employees in the crosshairs.


‘Leaving the state’

Veilleux, who wrote an op-ed that appeared in The Hartford Courant this week in which he raised the prospect of leaving the state, said the company doesn’t have any such “definite plans.” But if Malloy follows through on his promise to ban the purchase and sale of AR-15 rifles, the centerpiece of the company’s business, he said leaving could become an option.

Veilleux, 47, said Colt is “constantly approached” by other states to relocate. Several red state governors have made no secret of the fact they covet firearms makers, an industry that by some measures contributes $1.7 billion annually to Connecticut’s economy.

The gun company boss acknowledged that even raising the possibility of a move could be troubling to workers, whose roots in Connecticut are in many cases as deep as Colt’s.

Are you in favor of stricter gun control laws? Why or why not?

Source: Joshua Rhett Miller, Fox News

Image: Bloomberg Businessweek