Posted on Aug 26, 2015
What are your thoughts about this, is taxation the answer to gun violence?
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Is this the answer to help eliminate gun violence, or is it for raising money for the city coffers? You decide!
The City Council unanimously passed a special tax on Monday, and Mayor Ed Murray signaled his support for the measure. The new law will impose a $25 tax on guns and a 5-cent tax on bullets sold within the city limits. Lawmakers called it a "gun violence tax" because proceeds would be used for prevention and research programs to reduce gun violence in Seattle.
The law is based on a similar $25 gun tax that passed in Cook County, Illinois, in 2013. The Seattle budget office estimates the law will raise $300,000 to $500,000 a year.
http://money.cnn.com/2015/08/11/news/economy/seattle-gun-tax/index.html?iid=ob_homepage_deskrecommended_pool&iid=obnetwork
The City Council unanimously passed a special tax on Monday, and Mayor Ed Murray signaled his support for the measure. The new law will impose a $25 tax on guns and a 5-cent tax on bullets sold within the city limits. Lawmakers called it a "gun violence tax" because proceeds would be used for prevention and research programs to reduce gun violence in Seattle.
The law is based on a similar $25 gun tax that passed in Cook County, Illinois, in 2013. The Seattle budget office estimates the law will raise $300,000 to $500,000 a year.
http://money.cnn.com/2015/08/11/news/economy/seattle-gun-tax/index.html?iid=ob_homepage_deskrecommended_pool&iid=obnetwork
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