House Democrats proposed legislation to implement a 1,000% tax on AR-15-style rifles and other semi-automatic weapons.
Rep. Don Beyer (D-VA) introduced the “Assault Weapons Excise Act” on Tuesday, along with 36 Democrat colleagues, to severely restrict firearms that have magazines capable of holding 10 rounds or more.
The legislation would place exemptions on weapons used recreationally for hunting and ammunition but would not apply to the millions of semi-automatic weapons already in circulation across the country.The tax would force an AR-15 style rifle worth $900 to cost $9,000 after the federal tax.Beyer believes this is a loophole to successfully limit […]
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