The recent string of high-profile shootings in the US is prompting one House Democrat to draft a measure designed to severely restrict access to the AR-15-style weapons used by gunmen in the carnage. Rep. Don Beyer of Virginia, a member of the tax-writing House Ways and Means Committee, wants to impose a 1,000% excise tax on such semiautomatic rifles.
"What it's intended to do is provide another creative pathway to actually make some sensible gun control happen," Beyer told Insider. "We think that a 1,000% fee on assault weapons is just the kind of restrictive measure that creates enough fiscal impact to qualify for reconciliation."
New AR-15-style guns cost anywhere from $500 to over $2,000 depending on location, NBC News reported. That means a 1,000% tax on the weapons would add $5,000 to $20,000 to their final sales prices — and would probably keep them out of reach from many younger Americans.
Some details of the bill still aren't finalized, such as when the tax would take effect and what to do with any revenue raised. It's also unclear how much money it would generate. The National Shooting Sports Foundation in a 2014 court brief cited estimates that AR-15-style rifles accounted for one in five guns purchased in the US. Gun sales have surged since then and last year reached their second-highest level recorded.