Biden To Push $34 Billion Tax On Gun Owners, Just One Part Of His Crazy New Agenda
Joe Biden says he has two options for American's who currently own 'assault' weapons and high-capacity magazines. In short, sell them to the government or pay dearly. This is in addition to his well-reported plan to ban guns like AR-15s.
According to his site, Biden's promises to:
-Ban the manufacture and sale of assault weapons and high-capacity magazines. Federal law prevents hunters from hunting migratory game birds with more than three shells in their shotgun. That means our federal law does more to protect ducks than children. It’s wrong. Joe Biden will enact legislation to once again ban assault weapons. This time, the bans will be designed based on lessons learned from the 1994 bans. For example, the ban on assault weapons will be designed to prevent manufacturers from circumventing the law by making minor changes that don’t limit the weapon’s lethality. While working to pass this legislation, Biden will also use his executive authority to ban the importation of assault weapons.
-Regulate possession of existing assault weapons under the National Firearms Act. Currently, the National Firearms Act requires individuals possessing machine-guns, silencers, and short-barreled rifles to undergo a background check and register those weapons with the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). Due to these requirements, such weapons are rarely used in crimes. As president, Biden will pursue legislation to regulate possession of existing assault weapons under the National Firearms Act.
-Buy back the assault weapons and high-capacity magazines already in our communities. Biden will also institute a program to buy back weapons of war currently on our streets. This will give individuals who now possess assault weapons or high-capacity magazines two options: sell the weapons to the government, or register them under the National Firearms Act.
-Reduce stockpiling of weapons. In order to reduce the stockpiling of firearms, Biden supports legislation restricting the number of firearms an individual may purchase per month to one.
The "regulat[ing] possession of existing assault weapons under the National Firearms Act." already affects the possession of machine guns, silencers, and short-barreled rifles, which owners are required to register with the Bureau of Alcohol, Tobacco, Firearms and Explosives. The law also includes a $200 tax.
If the existing law were to be applied to the 170 million modern sporting rifles and ammunition magazines as Biden proposes, that $200 tax on each unit would amount to $34 billion. While it should be noted that Biden has not explicitly called for a new tax on firearms, his proposed plan implicitly results in a new tax unless something in the law were to be changed.
Under the plan, Biden gives "individuals who now possess assault weapons or high-capacity magazines two options: Sell the weapons to the government, or register them under the National Firearms Act."
Obviously, registering your weapons will leave gun owners holding the proposed tax but what else will be done with that information? States already require high-capacity weapons owners to register prior to purchasing so what is with the added list?