Dem bill would trigger huge new taxes on guns, ammo - Chicago News and Weather | FOX 32 News

Dem bill would trigger huge new taxes on guns, ammo

Posted: Updated:
Rep. Danny Davis (D-Ill), left, and Rep. William Pascrell (D-NJ) introduced the “Gun Violence Prevention and Safe Communities Act” last week. Rep. Danny Davis (D-Ill), left, and Rep. William Pascrell (D-NJ) introduced the “Gun Violence Prevention and Safe Communities Act” last week.
FoxNews.com -

A pair of Democratic lawmakers are proposing steep new taxes on handguns and ammunition, and tying the revenues to programs aimed at preventing gun violence.

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.

"This bill represents a major investment in the protection of our children and our communities, and reflects the long-term societal costs of gun and ammunition purchases in our country," Pascrell said.

The lawmakers say the bill would generate $600 million per year, which would be used to fund law-enforcement and gun violence prevention.

Critics predicted defeat for the measure.

"What the anti-gun interests can't ban, they want to tax it out of existence," Alan Gottlieb, chairman for the Citizens Committee for the Right to Keep and Bear Arms, told FoxNews.com. "It's nothing more than confiscatory taxation.

"I doubt this bill will pass, but we will lobby against it if need be," he added. "This is simply another shot against gun owners in this country."

The bill would exempt all federal, state and local agencies, including police departments, from paying the tax.

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.

"This legislation is a pro-active approach to reducing gun violence by using proven preventive programs which have been starved for funds until now," Davis said. "As part of a comprehensive, multidimensional strategy to reduce gun violence, this legislation closes major loopholes in tax law and lays out an equitable, long term, sustainable strategy to provide the requisite resources."

Follow Us!

Share Your Photos & Video

  • Politics NewsMore>>

  • Mayors' group pushes for pension reform

    Mayors' group pushes for pension reform

    Monday, April 21 2014 12:04 PM EDT2014-04-21 16:04:17 GMT
    money-roll-genericmoney-roll-generic
    More than two dozen Illinois mayors are set to hold a news conference, hoping to encourage state lawmakers to make changes to pension systems for local police and fire departments.
    More than two dozen Illinois mayors are set to hold a news conference, hoping to encourage state lawmakers to make changes to pension systems for local police and fire departments.
  • US Sen. Durbin says he's taking Oberweis seriously

    US Sen. Durbin says he's taking Oberweis seriously

    Sunday, April 20 2014 11:10 AM EDT2014-04-20 15:10:55 GMT
    U.S. Sen. Dick Durbin says he's taking his opponent in the November election more seriously than any challenger since he first was elected to the Senate.
    U.S. Sen. Dick Durbin says he's taking his opponent in the November election more seriously than any challenger since he first was elected to the Senate.
  • Pensions pose latest challenge for Chicago mayor

    Pensions pose latest challenge for Chicago mayor

    Tuesday, April 8 2014 8:41 AM EDT2014-04-08 12:41:57 GMT
    Rahm Emanuel has been a force in politics and now the hard-charging mayor intent on fixing what ails the nation's third-largest city.
    Rahm Emanuel has been a force in politics and now the hard-charging mayor intent on fixing what ails the nation's third-largest city.
Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices