Placeholder while article actions loadIf Congress won’t entertain a ban on assault-style weapons, Rep. Don Beyer (D-Va.) has a new idea: imposing a 1,000 percent tax on them. The tax Beyer proposed would also apply to high-capacity magazines. Key to understanding the impact of a firearms excise tax is assessing how it affects consumer demand, she said. “We can be pretty sure that a 1,000 percent tax is going to tax some people out of the market. AdvertisementBeyer’s staff has pointed out that if the 1990s-era ban on assault-style weapons withstood constitutional muster then the 1,000 percent tax should as well.

Source: Washington Post June 15, 2022 12:12 UTC