Colorado Gun Tax Controversy

SOURCE www.foxnews.com
Colorado imposes a new tax on guns and ammunition, causing controversy among residents and small business owners. Critics argue that the tax unfairly targets law-abiding citizens and small gun shops, while proponents believe it will fund mental health and public safety initiatives.

Key Points

  • Colorado imposed a 6.5% excise tax on gun sales in addition to pre-existing federal taxes.
  • The tax could disproportionately impact small gun stores like Hammer Down Firearms.
  • Critics argue that the tax is an attempt to reduce gun ownership by making it more difficult to purchase guns.

Pros

  • Funds generated from the tax will be directed towards mental health and public safety initiatives.
  • Supporters believe the tax will help reduce gun ownership and make it harder to purchase guns.

Cons

  • Critics argue that the tax unfairly targets law-abiding citizens and small gun shops.
  • Small gun stores like Hammer Down Firearms feel that the tax is intended to put them out of business.