Chicago’s Democrats have given up the idea of taxing your ammo in Cook County.
They plan to continue with the gun tax.
Chicago’s Cook County drops bullet tax, keeps gun levy
CHICAGO (Reuters) – The senior executive of the county that includes Chicago dropped a proposed tax on bullets on Wednesday but kept a plan to tax firearms to help defray healthcare expenses associated with the high rate of gun.
“It is very important to us to tax guns because we know that guns are the sources of the incredible violence we have in our neighborhoods,” Cook County Board President Toni Preckwinkle told a news conference. She said 29 percent of guns used in crimes in Chicago were purchased legally in suburban Cook County.
Under the plan, the county would impose a $25 tax on the purchase of firearms. The tax is expected to raise $600,000 in revenue in 2013. Preckwinkle abandoned a proposed tax of 5 cents a bullet because the tax in some cases would have exceeded the price of ammunition.
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