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Some excerpts:
Basically, they want to tax the guns & ammo out of the hands of everyday citizensThe 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 “Gun Violence Prevention and Safe Communities Act,” a bill sponsored by William Pascrell, D-NJ, and Danny Davis, D-IL., would nearly double the current 11 percent tax on handguns, while raising the levy on bullets and cartridges from 11 to 50 percent.
The bill includes the following provisions:
-Increase in federal excise tax on handguns (both pistols and revolvers) from 11% to 20%
-Increase in federal excise tax on ammunition from 11% to 50%
-Increase in NFA tax (pre-’86 autos, SBRs, suppressors, etc.) from $200 to $500
-Increase in NFA AOW tax from $5 to $100
-Increase in special (occupational) tax for importers, manufacturers, and dealers
-Adds semiautomatic pistols “chambered for cartridges commonly considered rifle rounds, configured with receivers commonly associated with rifles and capable of accepting detachable magazines” to the list of items taxable as NFA items (26 USC § 5845)
