Proposed Biden Gun Tax Could Top $34 Billion

American gun owners could face tens of billions of dollars in new taxes to keep the guns they already own under Democrat Joe Biden's gun ban and tax plan.

At least 20 million rifles and 150 million ammunition magazines would be caught up in the sales ban and registration scheme Biden touted on the campaign trail, according to a National Shooting Sports Foundation (NSSF) report. The new taxes would cost Americans more than $34 billion, according to a Washington Free Beacon analysis.

NSSF told the Washington Free Beacon the sheer number of affected guns and magazines could pose a significant problem for Biden's gun-control plans.

"I think if [Biden and his team] were smart, they would look at those numbers and get an idea of where America stands on gun ownership and gun rights," NSSF spokesman Mark Oliva said.