Elizabeth Warren Calls for Yet Another Tax Increase
Democratic presidential candidate Elizabeth Warren today proposed a steep national gun tax.
Warren wants to impose a 30 percent federal excise tax on rifles and shotguns, a significant increase from the current rate of 11 percent.
Warren’s proposal would also impose a 30 percent federal excise tax on handguns, a tripling of the current rate of 10 percent.
Warren’s proposal would also impose a 50 percent federal excise tax on ammunition, a near five-fold increase from the current rate of 11 percent.
“This is a tax increase on protecting your family, your home,” said Grover Norquist, president of Americans for Tax Reform. “The power to tax is the power to control. If Elizabeth Warren suggested such a tax on newspapers it would be understood as unconstitutional.”
Hillary Clinton, the 2016 Democratic presidential nominee, had also endorsed a gun tax hike, during Senate testimony in 1993.
Warren’s proposal can be read here.