Senator Moynihan's bullet tax Dec 18 2012
In an editorial for the NY Times in 1993 called Guns Don't Kill People. Bullets Do., US Senator Daniel Patrick Moynihan described a bill he introduced in the Senate which would have levied a 10,000% tax on hollow-point bullets.
"So far this year, 342 New Yorkers have been killed by stray bullets. And in the past few days, two young women were shot in their pregnant bellies." A. M. Rosenthal wrote that on this page last Tuesday, the day of the Long Island shooting. By Thursday there were 11 more homicides. If we are to stop it, or come anywhere close, we have to get hold of the ammunition.
On Nov. 3, I introduced a bill that would levy a 10,000 percent tax on Winchester hollow-tipped "Black Talon" bullets, specifically designed to rip flesh. (Colin Ferguson, the suspect in the Long Island shootings, had some 40 of them.)
The tax would effectively raise the price of Black Talons from $20 a box to $2,000. On Nov. 22, 19 days after my bill was introduced, Winchester announced that it would cease sale of Black Talons to the public. Which suggests that the munitions manufacturers are more responsive than the automobile companies were a generation ago. It is also important to note that in 1986 Congress banned the Teflon-coated "cop killer" bullet, which penetrates police body armor. The Swedes are now making a new kind of armor-piercing round. We got that banned in the Senate version of this year's crime bill without a murmur.