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Bill would mean major tax increase on guns, ammo

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ATLANTA -

Two Democratic lawmakers are pushing legislation that would make buying a firearm much more expensive.  The bill would nearly double sales taxes on guns, and more than quadruple the tax rates on ammunition.  

The bill is sponsored by William Pascrell, D-N.J., and Danny Davis, D-Ill., who say their legislation takes aim on gun violence starting at the pocketbook.  The bill is called the Gun Violence Prevention and Safe Communities act.  It calls for taxes on weapons to be raised well above what they are currently. 

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Under the proposed legislation, the tax rate on firearms purchases would increase from 11 percent to 20 percent.  Tax rates on ammunition would rise from 11 percent to 50 percent.  The proceeds would go to anti-gun violence programs.

Gun dealers oppose the legislation, saying that taxes on guns and ammunition are already very high, and this would hurt their sales and make it more difficult for many of their customers to get a weapon for sport or protection.
In a statement, Rep. Davis said, "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."

Bill sponsors say those resources include safe neighborhood grants, community policing programs and additional background checks.   

More on this story from FoxNews.com

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