Sen. Elizabeth Warren (D.-Mass.) is calling for significant increases in the federal excise taxes on guns and ammunition as a way of limiting gun sales in the United States.
“Increasing taxes on gun manufacturers will reduce gun and ammunition sales and bring in new federal revenue that we can use for both gun violence prevention and enforcement of existing gun laws,” Warren said in a Tweet she sent out on Saturday.
“Together, we can hold gun manufacturers accountable,” she said.
The Tweet included a link to a story in the Huffington Post about Warren’s plan.
“Sen. Elizabeth Warren (D.-Mass.) wants to sharply increase taxes on guns and ammunition as part of a comprehensive new plan to reduce gun deaths in the United States by 80 percent,” said the first paragraph of the Huffington Post story.
“For a century, the federal government has imposed an excise tax on manufacturers and importers of guns and ammunition,” said the story. “Handguns are taxed at 10 percent while all other guns and ammunition are taxed at 11 percent. Warren would raise the tax on guns to 30 percent and the tax on ammunition to 50 percent.”