Elizabeth Warren introduces sweeping new gun plan, including 30% tax on guns and 50% tax on ammo

Asma Khalid

Massachusetts Sen. Elizabeth Warren introduced a sweeping gun control plan Saturday with the goal of reducing gun deaths by 80% through executive action and legislation. Announcing her plan, Warren said the first step toward meeting her goal is immediate administrative action, which includes a range of ideas such as requiring background checks, investigating the NRA, and revoking licenses for gun dealers who break the law. She is also reiterating her desire to eliminate the filibuster to pass gun legislation, citing the fact that a majority of Americans support gun restrictions, and her belief that gun control could pass in the Senate. "We've gotta have a leader who's willing to stand up to the gun lobby and say no more. And to take away one of their principle tools, which is the filibuster," she said. But Warren is going beyond some of the more commonly discussed ideas, such as stricter background checks or a ban on assault weapons. Her plan calls for creating a federal licensing system, limiting the number of firearms someone could buy, raising the minimum age to 21 for purchasing a gun, holding gun manufacturers liable (and, in some cases, even holding gun industry CEOs personally liable). She also wants to raise taxes for gun manufacturers (from 10% to 30% on guns and from 11% to 50% on ammunition). Additionally, Warren's plan calls for $100 million annual investment into gun violence research. On Friday, Warren also called on Walmart to stop selling guns. It's an idea that has been echoed by fellow Democratic presidential candidates Sens. Bernie Sanders and Cory Booker, as well as Julián Castro...MORE 

Higher taxes, more spending, investigate the NRA...sounds like a helluva plan.