30% Federal Firearm Excise Tax + 50% Federal Ammunition Excise Tax
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.
Read the rest of the article: https://www.atr.org/elizabeth-warren-calls-steep-national-gun-tax
And read Warren’s entire rant: https://medium.com/@teamwarren/protecting-our-communities-from-gun-violence-a2ebf7abd9be