Two Democratic congressmen are moving forward with a bill to dramatically raise taxes on gun and ammo purchases. The bill from Democrats Bill Pascrell (NJ) and Danny Davis (IL) would raise from 11% to 20% the tax on a firearm purchase. The tax on ammo purchases would go from 11% all the way up to 50%, while the transfer tax would go from a paltry $5 to $100.

The new revenue would be used for law enforcement and gun violence prevention programs, though the bill will not win approval in the GOP-controlled House.

Gun rights groups believe the bill represents an effort to tax gun ownership "out of existence" since Democrats don't have enough support for an outright ban certain firearms.