Chicago has become a war zone, with criminal and gang elements killing each other and regular citizens at an alarming rate. The Mayor, legislature, and police have been unable to do anything about it over the past two years, so their newest solution is to institute a tax on both guns and ammunition.
Image of old machine gun tax stamp
Cook County Board President Toni Preckwinkle will submit a budget proposal Thursday that calls for a tax of a nickel for each bullet and $25 for each firearm sold in the nation's second-largest county, which encompasses Chicago.
Preckwinkle's office estimates the tax will generate about $1 million a year, money that would be used for various county services including medical care for gunshot victims. Law enforcement officials would not have to pay the tax, but the office said it would apply to 40 federally licensed gun dealers in the county. - MSNBC
Presumably, after the Supreme Court shot down the cities draconian attempts to deprive citizens in Chicago of their second ammendment rights to own firearms, they are choosing to take it to the next level and try to raise the price beyond the ability of people to protect themselves.
For decades, the city of Chicago has been a town run by a political machine, which uses community organizer associations (like the one Barack Obama was a part of), to control the people and ensure votes are made to keep the machine in power. Thus gun ownership within the city is seen a threat to the machine, and since they are unable to quash it entirely, taxing it like a vice appears to be a good way to dissuade ownership, as well as milk the citizens for extra money. Chicago is massively in debt, and holds a huge budget deficit for this fiscal year, even as they have one of the highest sales tax rates in the country.