William Pascrell, D-N.J., and Danny Davis, D-Ill., have authored a bill called, “Gun Violence Prevention and Safe Communities Act." The bill increases the taxes on gun purchases from 11% to 22% and the tax on ammunition from 11% to 50%. It also increases the transfer tax on guns covered under the National Firearms Act from $200 to $500. The most common guns are excluded under that act and would raise the tax on all other guns from $5 to $100, to be indexed by inflation.
The chairman for the Citizens Committee for the Right to Keep and Bear Arms, Alan Gottlieb, commented on the proposed law, saying:
“What the anti-gun interests can’t ban, they want to tax it out of existence. It’s nothing more than confiscatory taxation.
“I doubt this bill will pass, but we will lobby against it if need be. This is simply another shot against gun owners in this country.”
Only local, state and federal governments, including law officers, will be excluded under this bill. The amendment will be voted on when the congress returns from it's August recess.
Davis who represents a portion of Chicago that has seen a large amount of gun violence, despite some of the toughest gun laws in the nation says the money will be used to stop gun violence.
"This legislation is a pro-active approach to reducing gun violence by using proven preventive programs which have been starved for funds until now. 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.”