Back when Danny Davis (D-IL) was my congressman, I don’t recall hearing too much from him- unless he was coming up for re-election.
Well, November 4, 2014, is fast-approaching, and he and another Democratic congressman- William Pascrell (D-NJ)- whose seat is up for election have both decided to take it upon themselves to remind Americans that Democrats stand for gun “control.”
You see, Representatives Davis and Pascrell introduced HR 3018- the “Gun Violence Prevention and Safe Communities Act”- last week, which would hike federal excise taxes on firearms from 10-11 percent up to 20 percent, and hike taxes on ammunition from 11 percent to 50 percent.
I’m guessing a number of pro-gun Democrats, especially those holding office whose seats are also up for election in 2014, are livid right now.
From GovTrack.us this evening:
To amend the Internal Revenue Code of 1986 to increase the excise tax and special occupational tax in respect of firearms and to increase the transfer tax on any other weapon, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘Gun Violence Prevention and Safe Communities Act of 2013’.
SEC. 2. INCREASE IN EXCISE TAXES RELATING TO FIREARMS.
(a) In General- Section 4181 of the Internal Revenue Code of 1986 is amended to read as follows:
‘SEC. 4181. IMPOSITION OF TAX.
‘There is hereby imposed upon the sale by the manufacturer, producer, or importer of the following articles a tax equivalent to the specified percent of the price for which so sold:
‘(1) Articles taxable at 20 percent:
‘(C) Firearms (other than pistols and revolvers).
‘(D) Any lower frame or receiver for a firearm, whether for a semiautomatic pistol, rifle, or shotgun that is designed to accommodate interchangeable upper receivers.
‘(2) Articles taxable at 50 percent: Shells and cartridges.’.
HR 3018 would also increase the transfer tax on firearms covered under the National Firearms Act (“machine guns,” for example) from $200 to $500 and the transfer tax on all other guns from $5 to $100.
Other blogs/websites are reporting that besides ammo, this legislation hikes just handgun- not long gun- taxes, but based on the following- “Firearms (other than pistols and revolvers)”- I take this to mean rifles and shotguns as well.
Consider the following analysis of the gun “control” legislation by Michael Cohn over at AccountingToday.com:
The bill, known as the Gun Violence Prevention and Safe Communities Act, is co-sponsored by Rep. Bill Pascrell, Jr., D-N.J., and Danny Davis, D-Ill. It would increase the excise taxes on firearms from the current range of 10 percent to 11 percent and raise it to 20 percent. The bill would also increase the excise tax on ammunition from 11 percent to 50 percent. It would also increase the Special Occupational Tax on firearm importers, manufacturers and dealers; include assault pistols in the definition of firearms covered under the National Firearms Act; increase the transfer tax on all weapons (except antique guns) covered under the National Firearms Act (excludes most common guns) from $200 to $500 and index to inflation; and increase the transfer tax for any other weapon from $5 to $100 and index to inflation.
All government agencies would be exempted from the tax, including federal, state and local agencies, such as police departments.
Here’s my analysis. The legislation won’t become law. And I think Congressmen Davis and Pascrell know that.
But it did get them some valuable face time for next year’s election.
You can read the entire text of HR 3018 on GovTrack.us here.
By Christopher E. Hill, Editor
Survival And Prosperity (www.survivalandprosperity.com)
Cohn, Michael. “Congressmen Introduce Bill to Increase Taxes on Guns and Ammunition.” AccountingToday.com. 27 Aug. 2013. (http://www.accountingtoday.com/news/Congressmen-Introduce-Bill-Increase-Taxes-Guns-Ammunition-67848-1.html). 27 Aug. 2013.
2 Comments to Democratic Congressmen Push For 20 Percent Federal Excise Tax On Firearms, 50 Percent Tax On Ammo
Leave a comment
Christopher E. Hill, Editor
87,086 Unique Visitors in 2013
355,845 Unique Visitors from
Please Rate this Blog HERE
- Record Net Worth Result Of Fed Blowing Bubbles In Housing, Stocks?
- Chicago Police Superintendent Garry McCarthy On IL Concealed Carry Licenses: ‘Stand By And Watch What Happens’
- How Prepping Saved Many Alsatian Jews From the Nazis
- Moody’s Downgrades Chicago’s Credit Rating Again, Issues Negative Outlook
- HSBC: China, Not Investment Demand From West, Now Steering Gold Prices
- The Civic Federation Proposes Plan For Achieving Long-Term Fiscal Sustainability In Illinois
- Illinois Gun Owners To March, Lobby In State Capital Tomorrow
- Expert: Southern California Megaquake Possible, Economic Loss Could Exceed $200 Billion
- Peter Schiff: U.S. GDP Fell From 2.8 Percent In 2012 To 1.9 Percent In 2013
- U.S. Special Ops Chief Warns Of ‘Broader Threat’ From Al-Qaeda
- Editor on Can 4-Methylcyclohexane Methanol Be Filtered From Contaminated West Virginia Water?
- Fred H on Can 4-Methylcyclohexane Methanol Be Filtered From Contaminated West Virginia Water?
- Kurt A on Free Online Survival Training Summit Starts Monday
- My Info on Chicago Named A Top ‘Hellhole’ In America
- Editor on On TV: Doomsday Preppers ‘The Time of Reckoning’ Review
- Prep Mister on On TV: Doomsday Preppers ‘The Time of Reckoning’ Review
- james on JM Bullion Presale Of 2014 American Silver Eagles
- Rob Dawg on JM Bullion Presale Of 2014 American Silver Eagles
- Editor on Peter Schiff: ‘The Fundamentals For Gold Have Never Been Better Than They Are Now’
- Editor on Merry Christmas