August 5, 2023 12:25pm EDT
Democrats demand 1,000% excise tax on ‘assault weapons,’ high-capacity magazines
Democrats failed to move the same idea when they controlled the House last year
By Peter Kasperowicz | Fox NewsMore than two dozen House Democrats put forward legislation Friday that would slap "assault weapons" and high-capacity magazines with a 1,000% excise tax, a change that would raise the price of a $500 weapon to $5,000 in a bid to reduce access to guns across the country.
Rep. Don Beyer, D-Va., and 24 other House Democrats introduced the legislation Friday. It’s the second time Democrats have put forward the idea.
Beyer and 37 Democrats proposed the same idea last year when Democrats controlled the House, but it never moved.
The text of Beyer’s new bill was not out as of the weekend, and it was unclear if any changes were made from his 2022 version. His bill from last year imposed the tax on any magazine or related device that can accept more than 10 rounds of ammunition.
The same 1,000% tax would be imposed on any "semiautomatic assault weapon," which last year’s bill defined as a semiautomatic rifle or pistol with a fixed magazine of 10 rounds or more or that have other various features.
Under that rule, a weapon that normally costs $2,000 would force customers to pay more than $20,000, a change Beyer argued last year could help "curb the epidemic of gun violence."
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https://www.foxnews.com/politics/democrats-demand-1000-excise-tax-assault-weapons-high-capacity-magazines
