The Cost of Protecting America: Financial Implications of Obama’s Gun Control Policies

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How much can Obama afford to spend on gun control? Image credit: Eylem Culculoglu

How much can Obama afford to spend on gun control? Image credit: Eylem Culculoglu

Recent proposals to initiate stricter controls of firearms could mean a shift in the economic impact of the revenue garnered from gun sales and licensing. Along with a decrease in tax and licensing income, the US could see the costs of implementing Obama’s intiatives reach tens of billions of dollars.

Gun Control: What is the President Suggesting?

In an attempt limit the misuse of firearms, President Obama revealed several potentially costly actions this month.

  • Firearm Purchasing: Obama has outlined schemes to increase the criminal charges faced by legitimate licence-holders who purchase guns for others, as well as addressing the need for more extensive checks on all purchasers to be implemented in all potential markets.
  • Public Protection: The police force can expect an overhaul in light of public pressure to increase protection nation-wide. The government has drafted a proposal to keep 15,000 officers on regular street patrols, together with plans to begin additional training programs for officers to enable them to respond more efficiently to armed attacks, with school officials likely to receive offers of similar training.
  • Crime Tracking: An upgrade to a violent crime tracking system that currently reports on incidents in 18 states to monitor the numbers of violent deaths across the nation.
  • Mental Health and Emergency Response: Further ideas include financing mental health support groups for troubled youngsters, and providing grants to schools so that they can develop and implement emergency response plans.

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